May a carryback seller collect the balance remaining on carryback debt when the property has been sold in a nonjudicial foreclosure?
In re Salamon Facts: A buyer purchases income property encumbered by multiple mortgages including...
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Tag: carryback financing
The due-on threat prevents seller carrybacks
There is an obstacle to the coming wave of carryback sales: the lender’s due-on clause.
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Land sales contracts pose old risks to new buyers
Creative financing vs. creative chaos To properly document the terms of seller carryback financing...
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Seller carrybacks pick up speed amidst limited buyer purchasing power
Sellers are taking advantage of desperate homebuyers pressed for financing options.
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Purchase agreement variations for diverse real estate transactions
Form-of-the-week: Purchase Agreements – One-to-Four Residential Units (Short Form and Principal to...
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Client Q&A: What is seller carryback financing and what are its benefits?
Use this first tuesday FARM Letter Info-Flyer with your existing clients to provide a clear,...
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The carryback disclosure statement – mandated for carryback sales of one-to-four residential units
Form-of-the-Week: Financial Disclosure Statement – For Entering into a Seller Carryback Note –...
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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?
A seller sold vacant residential lots to a developer to construct residential subdivisions, carrying back a note and trust deed on the lots.
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Brokerage Reminder: Carryback financing – the creditworthy buyer and mandated disclosures
This article series analyzes the seller’s use of carryback financing as a flexible financing...
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Brokerage Reminder: Carryback financing – a beneficial alternative for buyers and sellers
Brush up on installment sale basics to make deals in a tightening mortgage market. Part I of this...
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Brokerage Reminder: The UCC-1 financing statement – Securing a debt with personal property
Often, income property and business opportunity sales transactions include the transfer of...
Read MoreCarryback arrangements facilitate a sale, Part II
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.
Read MoreCarryback arrangements facilitate a sale, Part I
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.
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