PMI Real Estate

Professional Marketing International

Archive for August, 2009

Types of Seller Financing

Seller financing is carried most commonly in one of two ways. Seller Takes Back Mortgage The first is for the seller to take back a mortgage on the house. The buyer signs both a promissory note (promising to repay the loan) and either a mortgage or a deed of trust (allowing the seller to foreclose if the buyer fails to  [ Read More ]

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