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How Does A Land Contract Work? (Contract for Deed Tutorial with Rocket Lawyer)
 
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Fill out your own land contract (aka - contract for deed) with RocketLawyer here: http://retipster.com/contractfordeed See the full blog post here: http://retipster.com/closing-in-house-seller-financing There are a number of different financing "instruments” that can be used to close a seller financed transaction, but the Land Contract (sometimes known as a “contract for deed,” "articles of agreement for deed," "land installment contract", "bond for title" or “installment sale agreement”) is what I use in most of the states where I work. A land contract isn't necessarily the right document to use in every state (because some states have laws and statues that make it a difficult type of document to work with in the foreclosure process), but in many areas, it's a perfect fit for a seller financed real estate transaction. In the states where it is used, there are some variations on the specifics of what this document says, but they all accomplish the same general purpose. How Does It Work? With a Land Contract, the seller holds the legal title to the property for the entire term of the loan (i.e. - the deed won’t transfer to the new buyer until after the loan is paid in full), while allowing the buyer to take possession and use the property immediately after signing the land contract. A land contract is typically more favorable for the seller because of the way title is held during the term of the loan, but fundamentally speaking, it’s not a huge variation from what usually happens in a typical lending/borrowing relationship. If you’re financing your first deal, I’d recommend that you take a few minutes to read through this document very carefully. Every state has differences in how this form is written, so it is very important that you understand exactly what you and your buyer are agreeing to. As you read through this document, you’ll see that most of the information isn't surprising – but it will help you understand the responsibilities of both parties for the life of the loan. Note: I have had a great experience with Rocket Lawyer, but your experience may vary. The link above is affiliate link and at no additional cost to you, I will earn a commission if you decide to purchase this particular tool/service. I recommend this resource because it is helpful and useful, not because of the small commission I make if you decide to buy it. Please do not spend your money on this unless you feel it will help you achieve your goals. #rocketlawyer #realestate #retipster #sellerfinancing #ownerfinancing #realestateinvesting
Views: 10514 REtipster
Understand a Land Contract
 
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Understanding a land contract is not only important in passing your real estate exam but it is also a important concepts to understand as you become a real estate salesperson. Go to http://prepagent.com for my real estate concepts made simple.
Views: 27620 Prep Agent
Buying a House on Land Contract Eveything You Need to Know
 
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There are 7 major things you need to know about buying a home on land contract. I cover all 7 in detail in this video. Buying a home on land contract is an awesome alternative to renting, and allows you to own a home without dealing with banks. I explain how to prepare yourself to refinance when the balloon is due.
When To Use Land Contracts To Make The Deal Safer And More Profitable - Real Estate Investing
 
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http://www.JoeCrump.com/youtube These videos are teaching real estate investing principals that I have never given away like this before. If you aren't watching this series, you are missing out on some very valuable info. I'm also giving it to you in bite sized pieces to make it easier to understand and absorb. Land Contracts (or Contract For Deed if you are in a Trust Deed State) are the way real estate has been transferred in this country since "Little House On The Praire" days. This video will show you what it is, when to use it and why. Read Joe Crumps Blog: http://JoeCrumpBlog.com/ Read the Transcription: Joe: The third one is a land contract or a contract for deed, depending on which state you're in. A land contract is simply an agreement to buy a property at a particular price with a particular interest rate with a particular payment plan over a particular period of years. It's very much the same way that you buy a car -- when you buy a car, you go out and get a loan from a standard lender, they take the title to the car, they hold onto that title and they have an agreement with you to make payments to them to pay off the loan, and as soon as you pay off the loan then they transfer that title to you and then you have that car free and clear. It's the same with the land contract. The seller, the person who's selling it to you, keeps the deed in their name, but they have another agreement with you, which is recordable -- you can take it down to the county recorder and record it -- saying that you're going to buy it over a certain period of time for a certain price and if you fulfill the terms of the agreement, then they're going to deed you that property after its done. So that's another way to buy a property. Joe: They can have underlying mortgages on it. You never want to buy one that has mortgages on it that are more than the land contract. And with all land contracts, it should be standard that they can never finance it above what is still owed or remaining on the land contract, so that you remain safe as the buyer in that transaction. Joe: So when you start getting to this, this is the middle of the transaction, and now it becomes almost as safe for the sellers as it is for the buyer. If you default on this deal, if you're the seller of the transaction, you sold it on a land contract and that buyer recorded that land contract at the county recorder, then you're going to have to go through a judicial foreclosure to get that property back. It's not a problem and in a lot of places it's easier than going through a foreclosure on a mortgage, so it still makes sense for the seller. Joe: But, if you're the seller in the transaction, what you want to do is try not to have that land contract recorded, because a lot of times where we've had people who defaulted on land contracts that we've sold to them, it's been easy to agree with them, tear up the land contract and say, 'That's enough. We're going to put somebody else in that property. We're going to sell it to somebody else. We're going to put a tenant in there. We're going to sell it on a lease option; we're going to sell it outright,' or whatever it is we choose to do, and we can get that property back without going through a foreclosure process, and usually that buyer will allow us to do that without any argument. But if they record it, then you have to get it off the title, so it becomes more complex. So, if you're buying the property on land contract, make sure that land contract is recorded. If you're selling on a land contract, try not to have that land contract recorded. Joe: What we try to do is keep control over that land contract and put it in our files so that nobody takes it down to the recorder and records it. If the buyer really wants it recorded, then we can talk about it and we can do that if they really need that to be done. Joe: So, we've got subject-to, we've got multi-mortgage, we've got land contract -- those are the top three if you're buying a property in the hierarchy of zero down structures. And they give you control of that property in relation to where they are at in the hierarchy; the higher they are in the hierarchy, the more control the seller has in the transaction. http://joecrumpblog.com/when-to-use-land-contracts-to-make-the-deal-safer-and-more-profitable-video-4/?utm_source=Youtube&utm_medium=EndLink&utm_campaign=Youtube130822
Views: 10468 Joe Crump
How to Buy a House on Land Contract | Important Things to Consider
 
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When you decide buying a house on land contract is the route you want to take, here is a video on how to find homes for sale on land contract, and how to prepare to buy. Other videos and helpful links... Everything you need to know about buying on land contract Video - https://youtu.be/Wx4HWqndK7w Blog - http://www.balanceprocess.com/buying-a-home-on-land-contract/ Alternative to land contract - Portfolio Loan http://www.balanceprocess.com/what-is-a-portfolio-loan/ Follow me Insta - @alesner Podcast - Mortgage Guide Podcast https://itunes.apple.com/us/podcast/mortgage-guide/id1195696389?mt=2 https://www.stitcher.com/podcast/adam-lesner/mortgage-guide
How to Fill Out a Real Estate Contract For Sale and Purchase [E-84]
 
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How to Fill Out the Florida Real Estate Contract For Sale and Purchase We'll See You At The Closing Table! http://www.titlerate.com CONNECT WITH US HERE! Facebook: https://goo.gl/u5lmCo Twitter: https://goo.gl/yQXSx5 Google+: https://goo.gl/n7V4rh Independence Title, Inc. Kevin Tacher, Founder Chief Marketing Officer Phone: 954-335-9305 [email protected] www.TitleRate.com Get your INSTANT CLOSING QUOTES here http://www.titlerates.com Independence Title is the leading provider of title insurance and related real estate settlement services in Fort Lauderdale. Since 2003 we've provided superior real estate and mortgage settlement services throughout the State of Florida. As agents for Old Republic National Title Insurance Company and Westcor Land Title Insurance Company, we have the resources available to close any deal, anywhere and at any time with the best title insurance cost. We pride ourselves in providing the best the industry has to offer in title insurance fees, technology with our title insurance calculator and customer service. Throughout our 10+ year history, our conservative management philosophy has allowed us to grow and remain strong through the ups and downs of the market while other title insurance companies have closed their doors. Independence Title's financial strength provides the confidence our customers need from their title insurance company in these tough economic times. We welcome you to browse our website and contact us with any questions you may have regarding our company and the services we provide. We’re looking forward to serving you soon! This video publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is produced with the understanding that the publisher and author are not engaged in rendering legal, accounting, financial, investment, tax or other professional services. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. By watching this video you agree to hold the author and publisher harmless for any acts that might result as a consequence of watching this video. Please consult with your attorney, CPA, financial advisor and other professional advisors relating to acting on any information contained in this video.
Land Purchase Offer Contracts & Tips For Land Investors and Buyers : An Entrepreneur's Journey
 
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Follow Nick on twitter @NicholasCoriano see land for sale at Homeskape.net see land blog at Homeskape.com
Views: 259 Nicholas Coriano
Land Contract vs Deed of Trust: Which is Better for Seller Financing?
 
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See the full blog post at: http://retipster.com/land-contract-vs-deed-of-trust Something that causes IMMENSE confusion for many land investors is the issue of seller financing. Whenever I talk with other investors around the country, I find that there are two things that continually trip people up: Issue #1: What's the appropriate loan instrument to use in the closing process (Land Contract? Promissory Note & Deed of Trust? Mortgage? Other?) Issue #2: Understanding how the foreclosure process works in each state (Judicial or Non-Judicial? What's the standard procedure? How much does it cost? How long does it take? etc.). These are two separate issues, but they go hand-in-hand for several reasons. The financing instrument used in a seller financed transaction (along with the state's laws and statues that govern these types of financing arrangements) has EVERYTHING to do with how the foreclosure process will work, how easy it will be, and how much time it will take and how much money it will cost. If the borrower ever stops paying - these are some issues you will definitely be confronted with. If you chose the right document, with the right language included, and if the state's laws work in the seller's favor, the process can be relatively fast, easy and inexpensive. On the flip side, if you choose the wrong document, without the right language, and/or if the state's laws don't allow for a non-judicial foreclosure under any circumstance... then the process can be slow, difficult, costly, and if the loan documents weren't drafted properly, it could even be impossible. Why It Matters? Now, it's usually not difficult to understand how seller financing works in one particular state. With a quick phone call to a local real estate attorney, you can get a good feel for what the proper procedure entails. On the other hand, if you're someone who buys and sells properties in several different states (all of which have different laws and statutes), things can get confusing fast - because the rules that apply in one state won't necessarily apply elsewhere. This is why it's important to proceed with caution when you're venturing into the realm of seller financing. Don't try to learn the process in a dozen different states at the same time. Get intimately familiar with how every aspect of seller financing works in ONE state, and once you know it inside and out, THEN you can start exploring other areas. When a seller is offering owner financing for a piece of real estate, there are three potential types of loan documents to choose from: Land Contract (aka - Contract for Deed) Promissory Note & Deed of Trust (aka - Trust Deed) Mortgage What's the right choice for your deal? It depends greatly on where your property is located. Every state has different laws, statutes and procedures to follow in the event that a buyer defaults on their payments. It's also worth mentioning that in several states, some of these options aren't used or recognized in some states at all... so it's important to do your homework and understand the boundaries you need to work within. #sellerfinancing #ownerfinancing #realestateinvesting
Views: 3074 REtipster
What is LAND CONTRACT? What does LAND CONTRACT mean? LAND CONTRACT meaning, definition & explanation
 
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What is LAND CONTRACT? What does LAND CONTRACT mean? LAND CONTRACT meaning - LAND CONTRACT definition - LAND CONTRACT explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A 'land contract' (sometimes known as a “contract for deed,” "agreement for deed," "land installment contract" or an “installment sale agreement”) is a contract between a seller and buyer of real property in which the seller provides financing to buyer to purchase the property for an agreed-upon purchase price and the buyer repays the loan in installments. Under a land contract, the seller retains the legal title to the property, while permitting the buyer to take possession of it for most purposes other than legal ownership. The sale price is typically paid in periodic installments, often with a balloon payment at the end to make the timelength of payments shorter than a corresponding fully amortized loan without a final balloon payment. When the full purchase price has been paid including any interest, the seller is obligated to convey legal title to the property to the buyer. An initial down payment from the buyer to the seller is usually also required by a land contract. The legal status of land contracts varies from region to region. Since a land contract specifies the sale of a specific item of real estate between a seller and buyer, a land contract can be considered a special type of real estate contract. In the usual, more conventional real estate contracts, a seller does not provide a loan to the buyer; the contract either does not specify a loan or includes provisions for a loan from a different "third party" lender, usually a financial institution in practice. When third party lenders are involved, typically a lien called a mortgage or trust deed is placed on the property so that the value of the property is used as collateral until the loan is paid in full. Although most land contracts can be used for a variety of reasons, their most common use is as a form of short-term seller financing. Usually, but not always, the date on which the full amount of the purchase price is due will be years sooner than when the purchase price would be paid in full according to the amortization schedule. This results in the final payment being a large balloon payment. Since the amount of the final payment is so large, the buyer may obtain a conventional mortgage loan from a bank to make the final payment. Land contracts are sometimes used by buyers who do not qualify for conventional mortgage loans offered by a traditional lending institution, for reasons of unestablished or poor credit or an insufficient down payment. Land contracts are also used when the seller is eager to sell and the buyer is not given enough time to arrange for conventional financing. There can be other advantages of using a land contract too. When a third-party lender, such as a financial institution, provides a loan, this third party has its own interests to protect against the other two parties involved, the seller and buyer. Establishing the correct title and value of the property to be used as collateral is important to the lender. Thus, the lender commonly requires title service including title search and title insurance by an independent title company, appraisal and termite inspection of the property to ensure it has sufficient value, a land survey to ensure there are no encroachments, and use of lawyers to ensure the closing is done correctly. These third party lender requirements add to closing costs which the lender requires the seller and/or buyer to pay. If the seller is also the lender, these costs are usually not required by the seller and may result in closing cost savings and fewer complications. It may also be the seller's position that if the buyer requires any of these services, he could pay for the costs and make arrangements himself. For properties where only relatively undeveloped land is involved and if the seller is willing to finance, the price of the empty land may be so low that the conventional closing costs are not worthwhile and can be an impediment to a quick, simple sale. Easy financing and a simple sale transaction may be a good selling point for a seller to offer a buyer. A land contract is a unilateral contract and cannot be assigned to another buyer without the consent of the seller providing the financing. Because of growing concerns, the Consumer Financial Protection Bureau (CFPB) is considering regulating these real estate sales. In 2015, Texas law was changed to automatically place the legal title to the property with the buyer by filing the contract with the deed records office of the county where the property is located. While the seller loses title, the seller retains a vendor's lien in the property for the outstanding balance of the contract.
Views: 814 The Audiopedia
AS-IS Purchase Contract Agreement - Clarifying the AS-IS Contract for Florida
 
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In this video I want to clarify the AS-IS purchase contract agreement and why it is used. How you should interpret the words AS-IS. Contact me at http://www.tampa2enjoy.com/contact-us/ Please "share" this video if you like it. When using the AS-IS purchase contract in the state of Florida it's not like an AS-IS contract with a bank. It's more for the sellers convenience than agreeing not to ask the seller to repair or replace any items. If any items come up that need to be repaired or replaced and was not brought to your attention prior to writing the contract, simply have your Realtor write and addendum the the purchase contract asking the sellers to rectify them. ALWAYS make sure you get it in writing and have the seller sign and date the addendum. Please contact me if you have any questions. Sincerely, Lance Mohr Mohr Realty Group at Keller Williams 813-317-4009 http://www.tampa2enjoy.com https://youtube.com/tampa2enjoy Clarifying the AS-IS purchase contract agreement and why it is used. https://www.youtube.com/watch?v=zbuuH-tfMK4
Views: 861 Lance Mohr
Offer to Purchase Real Estate as a Binding Contract: Terms to Consider
 
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Attorney Mark Stiles and Attorney Chris Holland of Stiles Law discuss the Offer to Purchase Real Estate. The Offer to Purchase, or "Offer", is a binding legal contract that creates binding obligations on the Buyer and Seller. In addition to price and dates, Buyers and Sellers can negotiate contingencies, repairs, and other matters. Important contingencies include: a financing or mortgage contingency, a home sale contingency, condominium document review, or an obligation for Seller to pay all outstanding betterments or assessments. Stiles Law, with offices located in Boston and Marshfield, Massachusetts, is a firm concentrating in real estate conveyancing and mortgage lending services, representing buyers, sellers, borrowers, banks, mortgage companies, investors, builders and developers in all of their real estate and mortgage transactions. Stiles Law serves all areas of eastern Massachusetts–the North Shore, Boston, and Cape Cod, in addition to the entire South Shore, including: Plymouth, Kingston, Duxbury, Hanover, Pembroke, Marshfield, Scituate, Norwell, Cohasset, Hull, Hingham, Weymouth, Braintree, and Quincy.
Views: 149 Stiles Law
Do this before signing a land contract of sale.
 
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What do you look out for before signing a land contract of sale? Olisa answers this question in Episode 9 of the #AskARealtor show. Do you have any question you'll like to ask Olisa Umerah? Send it to [email protected] or send it on whatsapp to 07052953637 ------------------------------------------------------------------------------------------------------- The #AskARealtor Show is aimed at answering the questions asked by Real Estate Investors. The biggest mistake you can make is making a real estate transaction without knowing what you should. It is my goal to help you make better decisions and understand the real estate space better. To ensure you don't miss our new videos and tips, please subscribe to our channel. You can also follow us across our social media channels. https://www.facebook.com/landsandhouses/ https://www.instagram.com/landsandhouses/ https://www.linkedin.com/company/landsandhouses/
Views: 105 Lands and Houses TV
What Works: A Profitable Land Contract Deal Example -- Video 21 - Real Estate Investing
 
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http://www.JoeCrump.com/youtube This video will show you how to do a quick flip by buying on land contract and selling through a real estate agent on the MLS. Very simple, very quick. Land Contracts have some valuable uses if you know what you are doing. Most investors don't know when to use a specific type of financing structure. They don't know if it makes more sense to buy it with a Land Contract or a Lease Option, to sell it "Subject To" or for Cash. If you learn these deal structures and you learn my hierarchy of zero down structures, you will ALWAYS know the best offer to make -- and by best, I'm talking about the one that is the most profitable, has the best exit strategy for the situation, is the safest legally and puts you in control of the deal. Read Joe Crumps Blog: http://JoeCrumpBlog.com/ Read the Transcription: Joe: Hey, it's Joe. This next video that I'm showing you here is about buying properties on a land contract and when it makes sense. There's several ways that you can do it that make sense. One is, if you're working in Texas, then land contracts are pretty easy to do in Texas because you can foreclose on them in 30 days if the buyer doesn't pay you. And they also help because there's some regulations on lease options in Texas that they don't have in other parts of the country that land contracts will help you comply with. So I'm going to talk about that a little bit. Joe: Also, if you want to do a quick flip, or if you're buying something that's dramatically under market value, you can buy it on a land contract, turn around and sell it through a realtor on the MLS, make a quick chunk of money and then move on. I've done this quite a few times in different states and different areas. You don't have to do it locally. It's very easy to put together, and I'll give you an example of one of the ones that we did recently where we made just a quick 5 grand and then turned around and sold it under market value on the MLS, paid the realtor and then everyone was happy in the transaction. Joe: The other thing that you can do with land contracts is you can buy any property on terms with a land contract. I prefer not to buy properties on land contract when I'm buying them for the long term. I much prefer taking them subject-to or through multi-mortgage. And that's what I stick with because there's so many of those available that you don't have to go down the hierarchy and go to land contracts. But I'll show you an example of what might make sense. Sometimes when you're not as good at negotiating or talking to a seller, a land contract sometimes makes the seller a little more comfortable than just deeding the property to you. Once you get good at talking to them and making them feel comfortable that you're actually going to follow through with what you promise, then selling it subject-to is really not a problem. And if you use the techniques that I have in the push button method, I think it'll be a lot easier for you. So let me show you these types of deals here then I'll be right back. Joe: Here's a little house that we bought on land contract in Pennsylvania. I had to go online to get this picture because we never even got a picture or needed a picture to sell this property. What we did was— the current value was $57,000 on it. This person responded to one of our ads in the paper to sell their home and they went to our website and they filled out the form so we knew pretty much what the values were. They actually told us that the current is $57,000, they wanted to get rid of it and they gave us a price. We offered a little bit less on it, and we said, 'Sell it to us on a land contract. We want that land contract to be no payments at all for 6 months, 2 year land contract.' We figured that if we couldn't get it sold in 6 months, we probably weren't going to get it sold anyway. So, we had no payments on this thing. Joe: Then we went out and called a realtor local to the area. We had him list the property in the MLS for $39,000 and we sold it within 7 days through the MLS for $37,000. Now, after our closing costs and the deal that we cut with the realtor to get a good deal, we ended up making $5,000 profit on this deal simply by talking to the seller, getting the land contract put together, finding the realtor, having the realtor do the work, and a week later they get it done. They sent out a check to us.... To read the rest of the transcript, click here: http://joecrumpblog.com/what-works-a-profitable-land-contract-deal-example-video-21/?utm_source=Youtube&utm_medium=EndLink&utm_campaign=Youtube130822
Views: 7296 Joe Crump
Completing the Land Contract
 
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How to complete the AAR Land Contract
Views: 948 Karl Krentzel
Purchase Contract - Beginning
 
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This video goes over the beginning stages of writing an offer. Explains about the Purchase Contract and guidelines in filling it out. Covers page 1 of the contract.
Views: 494 Leana Berwick
Is A Land Contract Still A Viable Means To Purchase A Home?
 
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Is A Land Contract Still A Viable Means To Purchase A Home? http://rdwaller.com/
Views: 50 Roland Waller
HomeTeam Realty Land Contract Purchase Overview
 
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This is a brief overview of the process of purchasing a home on land contract here at HomeTeam Realty. Samuel Gant RE Agent Home Team Detroit New Center One Bldg. 3031 W Grand Blvd. Suite 515 Detroit, Michigan. p: 734.219.5216 e: [email protected] w: http://www.hometeamdet.com/
Views: 46 Samuel Gant
What is a Land Contract?  Who Can Buy a Land Contract? Who Can Sell a Land Contract?
 
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What is a Land Contract? Land contracts are becoming more and more popular these days. Production Realty is based in Michigan. If your not in Michigan, contact a Realtor for your states specific details.
Views: 6544 Production Realty
Contract For Deed For Buyers MN
 
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For more information visit: http://www.goldpathrealestate.com/ Contract for deed is a type of buyer-seller agreement where the seller provides the financing of the property and the agreed upon price will be paid via installments. This Contract For Deed For Buyers MN video highlights the pros and cons of entering into such an agreement.
LAND CONTRACT 3900 down 69,900 purchase price
 
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this 2 bedroom 1 bath ranch sits on a nice elevated lot overlooking woods and plaster creek. It has a large full basement that could be finished with a nice forced air furnace
Option to Purchase Contract – Your Best Friend
 
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For Real Estate Sales, LLC Clients
Views: 1083 Brian Seelinger
Land Contract, Rent to Own, Purchase Money Mortgage?
 
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Are you thinking you want to buy a home via rent to own or land contract? Here is some information on the differences and what you can expect.
Understanding the Residential Real Estate Purchase Contract, Part 1
 
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This course was given on July 15, 2010 and is a comprehensive review of the Residential Real Estate Purchase Contract and some of the most important associated forms offered by the Columbus Board of REALTORS® to its membership. Designed for both the newly licensed agent and the experienced salesperson, the course reviews the key concepts and clauses in the contract and associated forms, with the goal of helping attendees make effective and problem-free use of the materials. Particular emphasis is placed on understanding the notice requirements and contingency clauses, as well as the mechanics of the Inspections and Tests section. Also covered are the new Short Sale forms and issues raised by non-traditional transactions (i.e. land contracts, leases with options to purchase, etc.) Instructor William Fergus is a partner with Peterson, Ellis, Fergus & Peer and he practices in areas of real estate law, business law, estate planning and probate law.
Views: 4920 LibertyCore News
How do you buy a property on a land contract?
 
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Buying real estate on a land contract, running a title search to check for liens, judgments, and mortgages. - http://www.titlesearch.com/
Views: 5920 Active Intel
Cincinnati Land Contracts & Lease Options - My Purchase Options Real Estate
 
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Today's changing times bring the need for more of us to have alternative financing options such as land contracts and lease purchase options for real estate homes in Cincinnati, Ohio and Northern Kentucky. Barry Roth at My Purchase Options is here to help you find a solution for your real estate buying and selling in the Greater Cincinnati area.
Views: 1424 MyPurchaseOptions
How to Make an Offer on Commercial Real Estate
 
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http://www.commercialpropertyadvisors.com/how-to-make-offers-on-commercial-real-estate/ Discover what no classroom would ever teach you on how to make an offer on commercial real estate. You'll learn the absolute essential things you need to make an intelligent offer, including the 4 phases you must go through BEFORE you finalize your offer. Most importantly, the lessons in this video will educate you on how to avoid overpaying as well as the dreaded negative cash-flow scenario that some commercial investors experience when they first purchase. Lastly, you'll get access to a file that step by step, shows you exactly how to make the best offer on any commercial property.
How do you sell a mortgage note land contract deed of trust?
 
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http://getcashforyourmortgagenote.com - How do you sell a mortgage note, land contract, deed of trust? There are 12 simple steps to sell your mortgage note, land contract, or deed of trust... trust deed. 1. Get a quote from us 2. Accept our bid (either a full purchase offer or a partial purchase offer) 3. Submit a Copy of your Note and Copy of Deed or Land Contract or Mortgage (depending on the state) 4. We will perform asset/collateral verification (confirm note’s LTV, borrower credit & get estimate on property value) 5. Once your asset has been pre-confirmed, you will need to submit the following documents for underwriting - Settlement Statement or HUD1 - Proof of Payments Record (bank statements, cancelled checks, etc) - Proof of Homeowners/Fire Insurance (include agent name, number, and policy number) - Tenant Rental Agreement and Rental Amounts (if rental property or commercial property) - Provide Pictures of Property (if available) - Escrow Instructions from Origination of Loan - Title Insurance Policy (insures existing contract for sale) - Copy of UCC1 Financing Statement (for commercial notes only) - Copy of 3rd-Party Loan Servicing Agreement (if applicable) 6. You will review, sign and return (mortgage) note purchase agreement and checklist 7. We will order and pay for a BPO or Appraisal (depending on property type and state property resides) 8. We receive and approve appraisal 9. We order and pay for a title search 10. We receive and approve title as clean (cleared for closing) 11. We will then schedule closing time and date or close the transaction via FedEX or UPS if desired (your preference) 12. Receive your check or wire transfer Click here now to begin the process to sell a mortgage note, land contract, deed of trust - http://getcashforyourmortgagenote.com
Views: 126 CashFlow Pros
Vacant Land Contract
 
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Vacant land sales only
Views: 427 Sean Williams
Customer First Homes - Norman's Land Contract Purchase
 
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Meet Norman the latest satisfied Customer First Home Owner!
Views: 60 CustomerFirstInv
Contract for Sale & Purchase of Land 2014 Edition
 
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Some advice from leading industry Trainer & Auctioneer Brian Cannan & specialised Real Estate legal practitioner Greg Jemmeson on the new Contract for sale & purchase of land (2014 edition).
Views: 794 Think Real Estate
Land Contract Purchases: How Our Program Works
 
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Learn How Our Team can assist you with your land contract purchase. http://bit.ly/LCApplicationSite
Views: 28 NBEGroup
3500 down land contract purchase price 69,900
 
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you do not have to go to a bank to buy this home
Florida's FAR BAR contract for the sale and purchase of land
 
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FAR/BAR Contract refers to the form issued by the joint committee of Florida Realtors (formerly known as Florida Association of Realtors) and The Florida Bar that develops real estate forms approved by both organizations. This is an officially licensed form that may be used by real estate brokers, attorneys, investors or buyers and sellers of real estate. The Far/Bar form has many commonly used provisions in standard real estate contracts, such as clauses for financing contingencies, property inspection, evidence of title and closing procedures. The Far/Bar contract is well-known among real estate professionals. https://www.youtube.com/user/lawtubechannel to subscribe to our newest legal videos. http://www.lawtube.com to check out our Video Law Library. Attorney Tom Olsen is host of the Olsen on Law Radio Show on FM 96.5 WDBO in Orlando. You can reach Tom at 407-423-5561 or [email protected] Tom has been answering legal questions on his radio show for over 30 years and has been practicing law in Orlando, Florida for over 30 years. Also, TEXT or call Chrissy Merrill at 407-808-8398 with your legal questions. The Olsen on Law Radio Show is the longest running legal radio show in the world. Produced by Professional Media Ideas. Call or text Chrissy Merrill at 407-808-8398 or by email at [email protected] Transcript: Attorney Tom Olsen: Bill, you’re on News 96.5 go ahead. Bill: Hi, my name’s Bill and I’m calling about a point in a real estate law that has me concerned. It seems that in Florida, very often when you go to closing, things don’t turn out the way they’re supposed to. Sometimes, the seller doesn’t get paid what he thought he was getting, or the buyer has to come up with extra money. Attorney Tom Olsen: Bill, I would counter what you’re saying by this, is that in the state of Florida, we have some standard form contracts. They’re called the Far Bar contracts. Those contracts, or the form of it is prepared in conjunction with real estate agents, brokers and lawyers. So, together that group has come together and said, here’s a standard form, Far Bar contract. It is used to the vast majority of times. I’m going to say 99% of times we’re using this Far Bar contract. When you sign a Far Bar contract as a buyer or as a seller, whether you know it or not, all the issues have been determined, all of the questions have been answered and there’s nothing that is left to ambiguity within these contracts. Bill, I don’t know how it went wrong for you, but I would say your issues are what I would say would not be a common issue at a typical closing, again, it's a Far Bar contract. Thank you for calling Bill.
Views: 232 LawTube
Land Contract | What you need to know now!
 
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How to buy a home on land contract... Adam Lesner | Michigan Mortgage Loan Officer | NMLS 198818 A land contract is a way to buy a home when you have a unique scenario, or the property may be unique. The seller becomes the lender. Here are the answers on how to find land contracts, and what to look out for. http://balanceprocess.com/what-is-a-land-contract
Vacant Land/Lot Purchase Contract: Attention Buyer & Property
 
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Holly Mabery and Jan Leighton walk you through the vacant land purchase contract.
Views: 34 AAR Editor
Top 10 Land Contract and Contract For Deed questions
 
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At the Fort Worth Note Closers Meetup Franco Barile, from the Law Offices of Sottile & Barile, shares the top 10 questions he gets from real estate investors about Land Contract and Contract For Deeds. If you invest in Ohio, Kentucky, Indiana or Michigan, you won’t want to miss this. Question and Answer session followed.
Sale vs. Agreement to Sell | Formation of the Contract of Sale | CA CPT | CS & CMA Foundation
 
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Sale vs. Agreement to Sell, Learn Formation of Contract of Sale, What is Contract of Sale, Types of Goods and Formalities, Delivery and Transaction Similar to Sale. For Details Visit https://www.meraskill.com/ca-cpt/law/formation-contract-of-sale WhatsApp Now: 8692900017 http://www.meraskill.com/ our other chapters in this series Accounts by Sheela Madam http://bit.ly/AcctsIntro http://bit.ly/AcctJournaltoCB http://bit.ly/CR_ROE http://bit.ly/BankRecoS http://bit.ly/MSInventory http://bit.ly/MSDep http://bit.ly/MSFinalAc http://bit.ly/MSConsignment http://bit.ly/MSJointV http://bit.ly/MSBillsOfExchg http://bit.ly/MSSalesReturn http://bit.ly/MSPartnership1 http://bit.ly/MSPartnership2 http://bit.ly/MSCompanyActs1 http://bit.ly/MSCompanyActs2 Law by Bharat Sir http://bit.ly/MSNatureofContract http://bit.ly/MSConsideration http://bit.ly/MSEssentialElements http://bit.ly/MSPerformanceOfContract http://bit.ly/MSBreachOfContract http://bit.ly/MSContingent_Quasi http://bit.ly/MSFormationContractOfSale http://bit.ly/MSCondition_Wattanties http://bit.ly/MSTransferOfOwnership http://bit.ly/MSUnpaidSeller http://bit.ly/MSNatureOfPartnership http://bit.ly/MSRelationshipOfPartners http://bit.ly/MSRegistration_Dissolution Micro by Bharat Sir http://bit.ly/MSIntroMicroEconomics http://bit.ly/MSDemand http://bit.ly/MSTheoryofCB http://bit.ly/MSSupply http://bit.ly/MSTheoryOfProd http://bit.ly/MSTheoryOfCost http://bit.ly/MSMarket http://bit.ly/MSPriceDetermination Macro by Jaya Madam http://bit.ly/MSNatureOfIndianEconomy http://bit.ly/MSRoleOfDiffSectors http://bit.ly/MSNationalIncome_Tax http://bit.ly/MSPopulation_Poverty_Unemployment http://bit.ly/MSInfrastuctureChallnges http://bit.ly/MSBudget_Money_Banking http://bit.ly/MSEconomicsReforms Maths by Anand Sir http://bit.ly/MSRatio_Propr http://bit.ly/MSIndices_Log http://bit.ly/MSEquations http://bit.ly/MSInequalities http://bit.ly/MSInterest http://bit.ly/MSPermutaion_Combination http://bit.ly/MSAP_GP http://bit.ly/MSSets_Function http://bit.ly/MSLimits http://bit.ly/MSDifferentiation http://bit.ly/MSIntegration -- photo MeraSkill WhatsApp 8692900017 | www.meraskill.com | [email protected]
Views: 23223 Mera Skill
Mobile Homes with Land Buying Contracts
 
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In this video John divulges the agreements and checklists he uses when looking to purchase a mobile home attached to private land (aka NOT in a park). Enjoy! For more info mosey on over to www.Mobilehomeinvesting.net
Views: 12227 John Fedro
3 Fatal Mistakes in Buying Land
 
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http://www.3fatallandbuyingmistakes.com Hi, Mark the LandGeek here. Let's talk about those 3 fatal mistakes that I see the average real estate investor making every single day. First big mistake -- you've got to call the county recorder and confirm that that seller owns the property. So what do you do? First of all, you find out exactly what county that property is located in. Then you quickly go on at naco.org, and it's www.naco.org. That lists all the counties in the country. Do a quick search. You can do with the state, you can do the county -- whatever you want to do, but make sure you go there. Then all you need to do is if you don't want to talk on the phone, you can email the recorder and simply ask who owns this property at this legal description. They will email you back where they'll tell you it's Frontier Equity Properties LLC. When was it recorded? And that gives you a big clue as to how long did that seller own that property. Are they buying it for long-term? Are they flipping it? What's going on with that property? It kind of gives you a little bit more in the story anyways. So now you've got that information. Again, email our seller now and say, "Hey, can you fax me or email me a copy of your recorded deed for that property?" When they do it, we get to go, to take some time, a little sketchy. If they don't do it at all, don't buy the property. What I have seen is people go online and they can just easily copy now whatever ad is online and say, "Hey, that's my property". They can use a fake PayPal account or a fake Escrow account and take people's money. The typical term for this is a 'phishing' scam. That is the number one fatal mistake that I see people make. You've got to confirm that that seller owns that property; otherwise, who knows what you are getting into. Now there are situations where I have actually sold property on an auction and that's a whole other ballgame because I am just controlling that. If that's the case, then you need to have a copy of the auction agreement to see that they are controlling that property. Otherwise, look out - not a good thing at all! All right, second most fatal mistake I see the average real estate investor making online is they get really excited about the property. They are going to build their dream home there or they are going to put their RV on the property. They are just going to camp out and hang out six months out of the year, or they are going to raise sheep, they are going to do something cool on that property. But they don't confirm with the County Planning and Zoning Commission if what their use for that property is allowed. And so they will invest thousands of dollars, ultimately to be disappointed, and 99.9% of the sellers out there, they don't guarantee that property. You are stuck with it and now whatever dream you had to do on that property is wasted, and then you've got to go on and try to resell that property and so whole hassle and just a big bar of disappointment. So, what do you do? Like we did with the first mistake, we've got to contact the County Planning & Zoning Commission. We are going to go back to our website www.naco.org. We are going to find our county and we are going to call or email planning and zoning. We are going to give them the legal description of that property along with the assessor's parcel number and we are just going to ask the questions -- what restrictions are on this property? What can I do on this property? Can I build a house? Can I raise sheep? Can I camp? Can I put my RV? All these things are very important when trying to determine that your use for that property is allowed. So it's very, very important that you do that. The third most common fatal mistake I see buyers making every day and being really, really disappointing with their purchase, is not calling the County Treasurer to confirm that the taxes are paid current. This one is really something that I have seen time and time again, bite people on the tush. So it's really important that again, we are going to go back to our site www.naco.org -- N-A-C-O, we are going to find our County Treasurer, then we are going to shoot them an email -- again, with the legal description and assessor's parcel number and that information you should be able to get from your seller very easily and it should be on the ad. If it's not, you need to email your seller and get that information. And then you are simply going to confirm the taxes are paid current. If they are not paid current, you need to email your seller and ask them, "Who is responsible for these back taxes? I assume you are." If they say, "Oh, you are responsible for those back taxes", then you've got a decision to make. Well, how much are they if their owner is going to pass on that deal? If they are reasonable and you are getting at a good price, well, maybe pay the back taxes -- big deal. http://www.3FatalLandBuyingMistakes.com
Views: 485804 Mark Podolsky
No credit check and owner financing with a Land Contract
 
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http://www.thefarmfinders.com/ In this video I talk about the land contract and why it is such a great way to finance land.
What Documents Do I Use In A Contract for Deed Deal?
 
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http://JoeCrumpBlog.com - Sign up for free real estate investing training with 25 year real estate veteran, Joe Crump. Learn how to build an automated, sustainable, profitable investing business with no down payments and no credit. Discover the most advanced automation software for investors available today at: http://www.PushButtonAutomarketer.com Learn how it will bring you a flood of motivated seller financed leads every single day. Six Month Mentor Program: http://www.ZeroDownInvesting.com “In my market I get a lot of contract for deed clients for both buyers and sellers. I understand that a contract for deed is similar to a land contract. I want to know, do you have any contract for deed assignment of contracts that are available to obtain and what two or three documents are needed to do a contract for deed assignment to set up a deal correctly, assign our interest to the buyer?” If you’re in my mentor program, in the contract zip file you can download an example of a land contract. You can also get those contracts on, just by searching Google you could probably find one that way or you could have your attorney draw one up. Most land contracts are contract for deeds, and contract for deeds by the way is in a trust deed state, land contracts are in mortgage states. So if you know you’ve got mortgages, and you’re in a land contract state, if you’ve got trust deeds, then you know you’re in a contract for deed state. And you can get those, what I would suggest is, when you know you’re going to do a deal like that, you have the attorney draw one up for you, you pay them for it, you have them send it to you on a Word document, so now you’ve got a copy of it that you can modify for future use. If you’re going to assign a deal on a land contract, instead of taking a land contract yourself, and assigning it, you’re going to get a purchase agreement that allows you to buy it on a land contract that is assignable and contingent upon approval by your investor, which is the person you’re going to sell it to. So you get a purchase agreement, it’s going to be assignable, it’s going to be contingent on approval by your investor, and you’re going to be able to have ninety days to close and then you’re going to go out and find a new buyer who’s going to buy it on a land contract and then you assign your right using an assignment form which, again, you can, you can get that online or you can get any attorney to draw it up. Basically it just says, “I’m going to assign my right to buy to you,” and of course, if you’re in the mentor program, it’s in the contracts zip file. And you can assign your right to buy to those people and then they can close the deal between the buyer and seller, usually at a title company where they’re going to get title insurance to close that deal. So that’s the way that would work. The other thing you might want to have is a disclosure form, and I’ve got those in my documents as well. Just make sure that the people know that they’re counting on themselves to, the value and the condition of the property and those types of things to make sure that they’re not expecting you to be their realtor. Make sure that they’re not expecting you to represent them in the deal and that they’re doing their own due diligence. It’s important to have anybody who’s buying from you or selling for you to sign that document so it doesn’t make you responsible for those things. To read the whole transcript and more of Joe Crump's articles, click here: http://joecrumpblog.com/?p=13484
Views: 665 Joe Crump
Create a Contract of Sale for type House and Land
 
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Here you will learn how to create a Contract of Sale manually from the Listing and how to Settle on the Land first.
Views: 126 Al James
Vacant Land/Lot Purchase Contract: Warranties
 
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Holly Mabery and Jan Leighton talk warranties for vacant land sales.
Views: 20 AAR Editor
Lease Option Vs  Land Contract
 
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Here at LaCrosse Owner Will Finance we have two Owner Financing Programs know as the Lease Option and Land Contract. Each Program has its own benefits and the purpose of these programs is to get you to home ownership as fast as possible! We specialize in working with people that have bruised credit, got denied by a bank, are self employed, or have a small down payment. We can usually shave off 2-5 years off of what it usually takes to get a home of your own. If you have questions or are interested in our Owner Financing Options, give us a call at 1-608-782-4848 or check out our website at www.LaCrosseOwnerWillFinance.com
Maryland Residential Purchase Contract - Core Contract Real Estate Training
 
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This video will show you what is in the Maryland Residential Purchase Contract and how to fill it out. Tim Brooks and the Ultimate Selling Team are a premier real estate team in Maryland. They work with buyers and sellers. They can be reached at 301-693-3333 or on the web at http://ultimatesellingteam.com Tim is always looking for talent to work with on his team.
Views: 3432 Tim Brooks
Is a Land Contract Your Best Option to Buy or Sell Property?
 
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Qualifying for a mortgage isn’t always the easiest things to do. This means people with past credit issues or other credit problems that prevent them from buying a home have no choice but to rent. However, a land contract can be a good option for both buyers and sellers who want to obtain or sell a property without going the route of traditional financing.
Views: 50 Roberto Gonzalez
SOLD-Lease Purchase/Land Contract/Owner Financing Available!
 
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Contact Mark Cousino, a licensed realtor with Real Estate Professionals LLC, at (513) 417-3447 or [email protected] and visit http://www.CincinnatiAreaRentToOwnHomes.com today for more info!
Views: 360 Mark Cousino
Agreement for Sale of Property and Land - Explained in Hindi
 
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Agreement for Sale of Property is an agreement that is executed between Buyer and Seller before Sale Deed of the land or property is executed. Let's understand the terms and conditions of the agreement and how property is bought and sold through it. Related Videos: Property Registration Process: https://youtu.be/S3KW_a4lLHc Encumbrance: https://youtu.be/Ab-Ugt50fS8 Clear Title: https://youtu.be/s1_6vIldGng Sale Deed: https://youtu.be/pPezwHazJPA किसी भी संपत्ति का Agreement for Sale एक ऐसा अनुबंध होता है जो क्रेता और विक्रेता के बिच Sale Deed निष्पादित करने से पहले किया जाता है। आइए जानते हैं की Agreement for Sale के क्या नियम व शर्तें होती हैं और कोई भी सम्प्पति कैसे खरीदी और बेची जाती है। Share this Video: https://youtu.be/3L2ninpXC4c Subscribe To Our Channel and Get More Property and Real Estate Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: What is an Agreement for sale of a property? How is Agreement for sale different from sale deed? What terms and conditions are included in the Agreement for sale? How property is bought and sold through Agreement for sale? What is earnest money? किसी भी संपत्ति का Agreement for Sale क्या होता है? क्या Sale Deed से अलग होता है Agreement for Sale? ऐसे कौन से नियम व शर्तें हैं जो Agreement for Sale में शामिल किये जाते हैं? Agreement for Sale के साथ संपत्ति कैसे खरीदी और बेची जाती है? Earnest Money या Advance क्या होता है? Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Twitter - http://twitter.com/assetyogi Pinterest - http://pinterest.com/assetyogi/ Google Plus – https://plus.google.com/+assetyogi-ay Facebook – https://www.facebook.com/assetyogi Linkedin - http://www.linkedin.com/company/asset-yogi Instagram - http://instagram.com/assetyogi Hope you liked this video on "Agreement for Sale".
Views: 99720 Asset Yogi

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