WebApr 4, 2024 · Seller financing is a type of real estate agreement that allows the buyer to pay the seller in installments rather than using a traditional mortgage from a bank, credit union or other financial institution. A seller financing agreement functions along similar lines as a mortgage loan, except that it cuts out the middleman and allows the home … WebOct 24, 2024 · 1. What is a land contract? A land contract is a contract between the buyer and seller of a real property in which the seller provides the buyer financing for the purchase and the buyer repays the resulting loan installments. In this arrangement, buyers who have poor credit are able to purchase the property through owner financing.
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The Complete Guide To Family Loan Agreements Legal Templates
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