carryback financing | firsttuesday Journal

Usury limits and exemptions in carryback sales, Pt II

by ft Editorial Staff | Oct 10, 2022 | Mortgages, Real Estate | 0

Prepare for the return of mortgage assumptions with our refresher on usury limits in carryback sales.

Farm and Ranch Purchase Agreement Addendum — Seller Financing — RPI Form 158-3

by ft Editorial Staff | Oct 3, 2022 | Forms | 0

Download the Form This form is used by a buyer’s agent when the buyer will use seller carryback financing to purchase a farm or ranch property, to prepare an addendum to the purchase agreement offer setting forth the terms...

Usury limit exemptions in carryback sales, Pt I

by ft Editorial Staff | Sep 12, 2022 | Finance, Mortgages, Real Estate | 0

When and how usury limits apply to home sales structured as carrybacks.

Brokerage Reminder: The UCC-1 financing statement and securing debt with personal property

by ft Editorial Staff | Aug 29, 2022 | Brokerage Reminder, Real Estate | 0

Securing debt with personal property Investors buying income-producing property will often include...

Evaluating carryback sellers: secured and unsecured

by ft Editorial Staff | Aug 8, 2022 | Real Estate | 1

This article covers the merits of an unsecured carryback note when the seller’s equity is less than 20% of the property’s market value, and dives into the use of a vendor’s lien.

Structuring a no down payment carryback sale

by ft Editorial Staff | Jul 11, 2022 | Finance, Mortgages, Real Estate | 1

This article lays out the home seller’s financial risks in an installment sale structured with little to no cash down payment from the buyer.

Rising rates bring back seller financing

by ft Editorial Staff | May 9, 2022 | Finance, Interest Rates, Loan Products, Real Estate, Your Practice | 0

As credit availability tightens thanks to rising interest rates, loan approvals become more elusive. But seller financing presents a back-door to homeownership.

Form-of-the-Week: Offer for Land Sales Contract and Land Sales Contract — All-Inclusive with Power of Sale — Forms 167 and 168

by ft Editorial Staff | Apr 28, 2022 | Forms, Mortgages, Real Estate | 1

A seller hoping to locate a buyer during a tight mortgage market might consider using an alternative documentation for seller financing, the land sales contract.

Form-of-the-Week: Seller Carryback Disclosure Statement, Financial Disclosure Statement for Land Sales Contracts and Financial Disclosure Statements for Lease-Option Sales – Forms 300, 300-1 and 300-2

by ft Editorial Staff | Sep 20, 2021 | Forms, Real Estate | 0

When an agent prepares an offer or counteroffer to buy, sell, exchange or option a one-to-four unit residential property with seller carryback financing, they use RPI Forms 300, 300-1 or 300-2.

Brokerage Reminder: Carryback financing – the creditworthy buyer and mandated disclosures

by ft Editorial Staff | Dec 29, 2020 | Brokerage Reminder, Real Estate | 3

Check out this week’s Brokerage Reminder to learn all you need to know about determining the creditworthiness of a carryback buyer.

Brokerage Reminder: Carryback financing – securing alternatives for buyers and sellers

by ft Editorial Staff | Dec 1, 2020 | Brokerage Reminder, Real Estate | 0

Have you heard of seller financing? This week’s Brokerage Reminder breaks down the ins and outs of what you need to know.

May a carryback seller collect the balance remaining on carryback debt when the property has been sold in a nonjudicial foreclosure?

by Benjamin J. Smith | Nov 15, 2017 | Real Estate, Recent Case Decisions | 0

In re Salamon Facts: A buyer purchases income property encumbered by multiple mortgages including...

The due-on threat prevents seller carrybacks

by Carrie B. Reyes | Mar 6, 2017 | Buyers and Sellers, Feature Articles, Loan Products | 1

There is an obstacle to the coming wave of carryback sales: the lender’s due-on clause.

Land sales contracts pose old risks to new buyers

by ft Editorial Staff | Feb 15, 2017 | Finance, Real Estate | 0

Creative financing vs. creative chaos To properly document the terms of seller carryback financing...

Seller carrybacks pick up speed amidst limited buyer purchasing power

by Amy Thomas | Jul 11, 2016 | Real Estate | 1

Sellers are taking advantage of desperate homebuyers pressed for financing options.

Client Q&A: What is seller carryback financing and what are its benefits?

by ft Editorial Staff | Mar 11, 2016 | Client Q&A Fliers, Real Estate | 0

Use this first tuesday FARM Letter Info-Flyer with your existing clients to provide a clear,...

The carryback disclosure statement – mandated for carryback sales of one-to-four residential units

by ft Editorial Staff | May 19, 2014 | Forms, Real Estate | 1

Form-of-the-Week: Financial Disclosure Statement – For Entering into a Seller Carryback Note –...

Is a subordination agreement placing a lender in first position and carryback seller in second position valid when the lender and borrower later alter the terms of the loan?

by Sarah Kolvas | Mar 28, 2014 | Real Estate, Recent Case Decisions | 0

A seller sold vacant residential lots to a developer to construct residential subdivisions, carrying back a note and trust deed on the lots.

Carryback arrangements facilitate a sale, Part II

by Connor P. Wallmark | Jan 12, 2011 | Feature Articles, Real Estate | 0

Part II of this series comments on the listing agent’s and carryback seller’s need to investigate and analyze a buyer’s creditworthiness and capacity to pay.

Carryback arrangements facilitate a sale, Part I

by Connor P. Wallmark | Jan 4, 2011 | Feature Articles, Real Estate | 4

Part I of this series introduces the concept of seller carryback financing and discusses the tax benefits of carrying paper for the seller, and the flexible sale terms available to the buyer.