We would like to invite you to attend this specially crafted class series all about Creative Closings in our current market.
Click here to RSVP, seating is limited! https://tinyurl.com/yck7344r
|MORTGAGE ASSUMPTIONS – An assumable mortgage is a loan that can be transferred from one party to another with the initial loan terms remaining in place. |
CONTRACT ASSIGNMENTS – A contract assignment allows a buyer/investor to assign their interest in a Real Estate Purchase and Sale Agreement to a third party (normally for a fee).
WRAP TRANSACTIONS – A Wrap is a type of seller financing wherein the seller’s existing loan is wrapped by a secondary loan from buyer to seller. The payment from the buyer is then used to pay the sellers existing loan.
SELLER FINANCING – Real estate contracts vs notes / deeds of trust