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Mortgage Professor about seller: | |||||||||||||||||||||||
Are Mortgage Assumptions a Good Deal?
November 17, 2003, Revised December 20, 2005 ?I have been offered a deal where I take over the home seller?s mortgage. What are the pros and cons of doing this?? Benefit of Mortgage Assumptions to Buyers When a homebuyer assumes responsibility for a home seller?s ... more... Are House Seller Contributions Kosher? July 10, 2000 ?I offered $289K for a house but was not able to make a down payment. The seller?s realtor told me that so long as I could pay all the closing costs, they would find a way to contribute 5% toward a down payment. When we sat down to sign the ... more... |
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seller related definitions |
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Wraparound Mortgage
Wraparound Mortgage Mortgage Loan which provides a buyer with the amount of the remaining balance on a seller's mortgage plus an additional amount which is requested by seller as part of the contract of sale. Payments are made to the lender who holds the wraparound loan. ... more... Closing Closing The meeting between the buyer, seller and lender or their agents where the property and funds legally change hands. Also called settlement. Closing costs usually include an origination fee, ... more... |
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More about seller Cash Now For Your Real Estate Contract Buying a Home with Bad Credit Own a Piece of the American Dream I have a buyer for your property and I can sell it now! How to Find and Buy a Distressed House (With Little or Nothing Down) How to Find and Buy a Bargain House with Little or No-Money Down How to Make a Purchase Offer on a Home for Sale by Owner High Tension for the Buyer and Seller of Real Estate Can Be Reduced Pre-Approval Letter How To Use It To Get Your Dream Home No Money Down - How To Buy Property With Nothing Down Good Faith Deposit Real Estate Transactions
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