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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.
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: 10495 REtipster
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
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: 27581 Prep Agent
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
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: 3069 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: 857 Lance Mohr
Real Estate: Buying, Selling & Renting : How to Get a Land Contract
 
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When getting a land contract, whether selling or buying a piece of land, always work with a real estate agent to get efficient searching resources, the right advertising and the right buyer protection contracts. Buy or sell a piece of land, taking advantage of a real estate agent's help, with advice from an experienced real estate broker in this free video on real estate. Expert: Penny Smith Contact: www.liveoakgroup.com Bio: Penny Smith has been in real estate for more than 14 years. Filmmaker: Reel Media LLC
Views: 1102 eHow
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
Why Do a Land Contract aka Contract for Deed 😎🏡💰
 
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http://HouseFlippingDojo.com 1. Learn How to Make Up to $200,000+ Flipping Houses. Sign up to Attend the FREE Webinar Now at http://www.HouseFlippingDojo.com 2. Follow Daniel Wiafe's LIVE daily broadcasts on Facebook Live. Go to this link and click the "Follow" button - http://facebook.com/daniel.wiafe 3. Check out Daniel Wiafe aka the House Flipping Ninja on Facebook - http://facebook.com/houseflippingninja 4. Check out Daniel & Melinda Wiafe on their HGTV show at http://facebook.com/flippingtheheartland or on HGTV's site at http://www.hgtv.com/shows/flipping-the-heartland 5. I Buy Houses in Las Vegas. Sell Your House Fast Las Vegas at http://702HomeBuyers.com Daniel Wiafe is a real estate entrepreneur, coach, TV personality who was featured on HGTV's Flipping the Heartland with his wife Melinda Wiafe & son, Malachi. Daniel got started flipping houses in Tulsa, OK and is now a real estate entrepreneur and a wholesaling real estate coach. Daniel is also a MOTIVATIONAL SPEAKER and a SOCIAL MEDIA MARKETING EXPERT. You may contact him to hire him in this realm as well. In this house flipping & wholesaling real estate educational video, you're going to learn the following: #### Youtube Video: #### My Blog: http://houseflippingninja.com Learn How to Flip Houses: http://www.houseflippingdojo.com
Views: 1833 Daniel Wiafe
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
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.
Customer First Homes - Norman's Land Contract Purchase
 
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Meet Norman the latest satisfied Customer First Home Owner!
Views: 60 CustomerFirstInv
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: 6540 Production Realty
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
Structuring Deals #3: Land Contracts & Contract For Deed
 
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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 Hey, it's Joe. This is video No. 3 of the zero down structure hierarchy and in this one we're going to talk about land contracts, or contracts for deed. It's called the land contract if you're in a mortgage state. It's called a contract for deed if you're in a trust deed state. Either way, they're pretty much the same type of document and you probably want to have an attorney that's local to you draw up this document because it has to be recorded, or it can be recorded, and you want to make sure that it's done properly for your particular state. And that shouldn't cost you more than $200 or $300 to have an attorney draw that up for you. But, basically, it's the same as if you were buying a car using the bank, a loan from the bank. When you get a car the bank holds the title to the car and then they have a document with you that says you're going to pay X amount of dollars over X amount of time at a particular interest rate and then when it's paid off, then the bank is going to transfer that deed to you and you'll have the deed, or the title, I'm sorry, of the car to you. That's the same thing that's going to happen in land contract or contract for deed. The person who's selling it to you is going to hold the deed to the property. You're going to make payments to them based on whatever you agree upon. And once those payments are paid off, then they're going to transfer the deed. What I like to do is have that deed held in escrow somewhere so that I don't have to track them down when that payment, when I make that last payment. But I don't usually buy properties on land contract. It's not a bad way to buy, it still gives you pretty good control. But it doesn't give you the deed and you still need that person who's on the deed to sign the final deed. That's why we try to put those things in escrow. Now, if you're selling a property on land contract, you don't necessarily want to put it in escrow. You want to hold onto control. It's, also if you're selling on escrow, or, I'm sorry, if you're selling on land contract you don't want to record your land contract. If you're buying on land contract, you do want to record the land contract because it solidifies your position. If you do want to buy on land contract, make sure that you record the land contract. If you're selling on land contract, don't record it if you can avoid it and just hold onto it. So if they default, you can just ask them to leave and usually they'll leave and you can tear up the land contract and it'll be, everything will be said and done. If you have to, if it's recorded, you have to get it removed from the County Recorder and you have to have a document signed to do that. So, if you're in a dispute with somebody who you're moving out, that's sometimes difficult to get taken care of. So don't put yourself in that position. Anyway, that's what a land contract is and I'm going to explain how that fits into the zero down hierarchy in a future video. All right. Let's go on to the next structure, which is lease option. And I'm going to do that in the next video. Thanks, now. To read the whole transcript and more of Joe Crump's articles, click here: http://joecrumpblog.com/structuring-deals-3-land-contracts-contract-for-deed/
Views: 5679 Joe Crump
Lease Purchase or Land Contract
 
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For more details click here: http://www.visualtour.com/showvt.asp?t=2641150 7948 Jill Lane Carlisle, OH 45005 $108,900, 3 bed, 2.0 bath, 1,269 SF, MLS# 502793 This brick ranch home has much to offer! Over 1200 sq ft of living space with 3 bedrooms, 2 full baths. Beautifully remodeled kitchen and bathrooms and all is freshly painted! Over 1/2 acre lot with a fenced in back yard with a storage shed and an above the ground pool. Perfect for cookouts and entertaining. Seller may consider Lease purchase or land contract. Presented By: Ryan Riddell, Keller Williams Advantage Real Estate 937-865-0100 http://sellwithriddell.com View My Inventory: http://www.visualtour.com/inventory.asp?u=152848
Views: 64 RiddellRealtyGroup
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.
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
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.
Option to Purchase Contract – Your Best Friend
 
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For Real Estate Sales, LLC Clients
Views: 1082 Brian Seelinger
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
Buy Land & Tiny Homes No Money Down Land Contracts or Low Down Payments
 
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CHECK DEMOGRAPHICS HERE: http://www.city-data.com/ SUPPORT THIS CHANNEL: https://watchmanreports.com/donate/ #TinyHomes #NoMoneyDown #LandContract
Views: 6151 Redirecting
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: 493 Leana Berwick
Why do you need to convert a land contract before buying it?
 
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This video answers the question: “Why do we need to convert a land contract?” I’d like to take a second to briefly explain the difference between a deed of trust, or mortgage, and a land contract. Contracts vary from state to state. While I am not an attorney or a CPA, I hope this will be a basic overview to give you enough context. When you sell a property and you carry back a note, your buyer takes ownership to that property. They are the party listed on Title. You have a first position lien securing your note to that property with a deed of trust or mortgage. With a contract it’s a little different. You are going to be the party listen on Title. You retain title on that property until that payor has fully paid off that obligation. If you want to sell a contract, we basically have to buy it from you, and then we would own the property until the payor pays off. Most of the time, we are not able to do that. Depending on the state that the contract is in, we will have to convert it to either a deed of trust or mortgage at closing. To do this, we will have to get the payors on board. Often, the payors are pretty excited to convert because they go from just having their contract to actually having title to the property. However, this does mean there will be an extra step in the process to funding. We often run into a legal problem to be able to assume a land contract, and that’s why we convert to a deed of trust or mortgage before buying. Hopefully this answers your question on why we have to convert land contracts. If you have additional questions, or would like a quote on your land contract, call 530.241.0977 or visit www.mckinleymortgage.com.
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
Vacant Land Contract
 
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Vacant land sales only
Views: 427 Sean Williams
Completing the Land Contract
 
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How to complete the AAR Land Contract
Views: 948 Karl Krentzel
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: 231 LawTube
Contract For Deed VS Owner Financing What's The Difference
 
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Contract for Deed VS Owner Financing What's the Difference.....many times I get asked this question and it is a tricky one to answer. Contract for deed or what's known as a land contract is technically a form of owner financing, however it is thought of separately when we talk about and look at the term compared to normal owner financing as how many know it. Contract for deed is similar to normal owner financing or also called seller financing because you are selling the house usually with a down payment and the balance paid monthly. The big difference between contract for deed and owner financing is when the deed transfers. In traditional owner financing as we know it the deed transfers at closing. When you look at contract for deed the deed will not transfer until the last payment has been made to the original seller by the borrower. So contract for deed vs owner financing what's the difference is a video pointing out the difference between the two strategies is when the deed transfers. Learn More About Our Home Study Program: Flip Army - How To Flip Houses The Investor Army Way https://info-investorarmy.clickfunnels.com/product-page18241012 Contact us at: [email protected] For More Resources And Opportunities To Take Your Business To The Next Level Go To…… http://www.investorarmy.com/ Visit Our Other Youtube Channel “Investor Army Podcast” For More Videos By Connor Himself https://www.youtube.com/channel/UCmayBtBkxyNVEu5YPNwm2mg Follow Us On….. Facebook: https://www.facebook.com/InvestorArmy/ Twitter: https://twitter.com/Investorarmy Linkedin: https://www.linkedin.com/in/connor-steinbrook-58b2b9a1/ Google+: https://plus.google.com/u/0/108318927307224577838 iTunes: https://itunes.apple.com/us/podcast/investor-army-podcast/id1234085118 Blubrry: https://www.blubrry.com/investorarmypodcast/ Instagram: https://www.instagram.com/investor_army/?hl=en
Views: 2786 Investor Army
What is a contract for deed.
 
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Someone may suggest you avoid a bank loan and just buy property under a contract for deed. It's legal and it can work- if you do it correctly and protect yourself. Find out how to do that in this video. www.finelyrevealed.com
Views: 2992 FinelyRevealed
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
Vacant Land/Lot Purchase Contract: Disclosures
 
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Holly Mabery and Jan Leighton give examples and best practices for how to navigate the disclosure section.
Views: 27 AAR Editor
Vacant Land/Lot Purchase Contract: Financing
 
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Holly Mabery and Jan Leighton discuss the unique aspects to financing options for vacant land purchases.
Views: 18 AAR Editor
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
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.
Ohio Land for Sale - Owner Financing Land Contract
 
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http://www.brunerland.com/ Thought I'd show you a couple of more lots by me. I am asked a lot about land around me. You can call Bruner Land or go to brunerland.com and see what they have available all over this area. They will finance it with 10% down and you pick the length of the loan. Mailing Address: Joe Waller 3825 Wood St. Wheeling, WV 26003
Views: 1480 St. Bernard Acres
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
The Difference Between A Land Contract And A Subject To Deal - Real Estate Investing
 
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http://www.JoeCrump.com/youtube Real estate investment expert Joe Crump teaches zero down investing techniques. Learn foreclosures, short sales, "Subject To", land contracts, "Multi-mortgage" and other creative real estate financing structures. Six Month Mentor Program http://www.ZeroDownInvesting.com "Push Button Automarketer": http://PushButtonAutomarketer.com Read Joe Crump's Blog: http://JoeCrumpBlog.com/ Read the Transcript: I spend so much time explaining this to my students: the difference between a land contract and a Subject To deal and the hierarchy of zero down real estate deals. Let me go through it again and explain the differences between them and what works and why in different situations. "Joe, can you give some basic definitions for some of the strategies you implement? How can I explain the difference between a land contract versus a "Subject-To" versus a lease option, etc.? Thanks, Javier." -- Javier Pelanco Joe: I'm going to try to make this quick. We spend two and a half to three hours on this at the Buying Event because this is the core information of what I teach -- this is the most important part that you need to understand -- structuring zero down deals. That's what this is really all about. Joe: If you understand what the hierarchy of these structures is, it'll make it easier for you to look at a particular deal and say, 'Yes, that deal needs to be structured in this way in order to make it work.' Ultimately, what we're looking for is a way to solve the problem of the seller. Also, we're financing deals. All of these kinds of investment deals are about solving the problem for the seller, and when you solve that problem for them, then they'll want to do the deal. Joe: But it has to be solved in a way that makes profit for you. So, rather than talking about how we're going to make a profit on it, I'm going to talk about how we're going to structure the deals, the different structures that are available and the hierarchy that they should be in, and I'm going to try to do this in the next two to three minutes. Joe: First of all, "Subject-To": this is the top of the hierarchy. The way you buy the property "Subject-To" is the seller that has an existing mortgage on the property deeds the property to you. The loan stays in the name of that seller. You're not assuming the loan. You're not qualifying for the loan. You're not even ever talking to the lender. All you're going to do is start making the payments on it. Joe: The deed is in your name because they deeded it to you -- you're going to take a warranty deed, and this puts you in full control of that property. Now, it's still subject to the existing loan, so those payments have to be made, and it's possible that the lender is going to take the property back if you default on it. Joe: Now, there's some other issues in this which need to be addressed I'm not going to get into it because we don't have much time, i.e. due on sale clauses and things like that, bu it's not difficult. We do these types of deals all the time. This is the top of the hierarchy and this is the way that you want to buy properties. Joe: The next type is "Multi-mortgage". This is if a seller has equity. Let's say they have a first mortgage of $100,000 but the property is worth $200,000. They're willing to sell it for $180,000 but they don't want to take an $80,000 loss, so what you do is take over the first mortgage subject to the existing loan ($100,000) and then you give them their equity as a second. So, they deed the property to you and then you borrow that other $80,000 from them in the form of a note and you owe them $80,000 to be paid over a period of time at a certain interest rate.... To read the rest of the transcript and more of Joe Crump's articles, click here: http://joecrumpblog.com/the-difference-between-a-land-contract-and-a-subject-to-deal-2/?utm_source=Youtube&utm_medium=EndLink&utm_campaign=Youtube131022
Views: 9755 Joe Crump
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
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
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: 3429 Tim Brooks
Buy Land With A Land Contract | GVFTR26
 
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http://www.LandStruck.com - Buy land with a land contract and simple financing. No down payment and no credit check. Go here for more info: http://www.landstruck.com/land_for_sale/land-in-tennessee-for-sale/grandview-farms-tract-26.html
Views: 73 LandStruck
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: 485569 Mark Podolsky
Contract for 0.72 Acres Land in Gulfport, Harrison County, MS
 
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For sale is a Contract to purchase land at a discounted price. Here’s your chance to pick up an investment property with this 0.72 Ac over-sized land lot at an amazing discounted price. This property is only a few blocks from the beach where you can enjoy fishing, sunning, walks/bike rides and it is convenient to entertainment, restaurants, casinos, night life, world glass golf and many family recreational opportunities such as this sightseeing tour, the Lynn Meadow’s Discovery Center Museum for Children, and/or visit some dolphins at the Institute for Marine Mammal Studies. The property is in Gulfport, Mississippi and is located between Teagarden Rd. and Cowan Rd, south of Pass Rd. and is on a paved street at 912 5th St. in the county of Harrison, MS. At one time this property used to have two homes on it (no longer there) but there is power, water and sewer available. Gulfport, MS is within 10 miles of Biloxi, 70 miles of Hattiesburg and 80 miles of New Orleans. Hurricane Katrina has created many real estate investment opportunities and the Contract price on this lot is no exception. Compare for yourself to see the exceptional value in this Contract. Harrison County has assessed this property’s value at $12,500. The property is wooded and needs to be cleared; however our Contract for this property is priced to sell quickly at a price of ONLY $8,800 (including closing cost estimates). Short-term financing is offered from the owner with appx. $3,900 cash at close and $157.00/month payments. Contact us for full details. Act fast while this one is still available. This property is NOT listed on the Multiple Listing Service so you can only get this bargain here by purchasing our Contract for it. Buyers may wish to contact the City of Gulfport’s Zoning/Planning Commission at (228) 868-5710 and/or refer to the “RO” Residence Office District permitted use table. Some of the permitted uses include single family, multi-family, B&B, town house, and rooming house among others. This lot might make a great spot for an affordable housing investment. Subscribe to our video alerts: http://bit.ly/1ikoGtl We offer quality U.S. land for sale at bargain prices, making the dream of land ownership simple & affordable through flexible owner financing. Our range of land offerings include: + Rural Land + Residential Land + Commercial Land + Farm Land + Desert Land + Acreage Land + Mountain Land + Hunting Land + Forest Land + Cabin Land + More! My Website: http://www.landrushnow.com My Facebook: https://www.facebook.com/landrushnowcom My Twitter: https://www.twitter.com/landrushnow My Google +: https://www.plus.google.com/landrushnow My Linked In: https://www.linkedin.com/company/grounded-properties-llc
Views: 387 Land Rush Now

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