|

Creative
Financing: Contract
for Deeds, Lease/Options & Seller Financing
As the real estate market worsens, sellers are resorting to "creative financing" to
sell their homes and lots. Creative financing is where the buyer purchases real estate in a non-conventional way.
In other words, instead of borrowing money from a mortgage company or bank, the seller may provide the financing or a non-traditional
deal iis structure in a way that they hope leds to a purchase.
In the 1980's "creative financing" was common in response
to double digit interest rates. What we learned from that time is that creative financing is easy to get into but numerous
problems arise if they are not done properly. From a legal perspective, it is cheaper to structure the deal right the
first time than it is to deal with the problems created by poorly created transactions.
This seminar will go through the basics of the various ways creative financing works, the situations
where they should be used, when they should be avoided and the issues that arise with their use.
Steve Nash is a well-known and experienced speaker.
Steve has 28 years of real estate experience. The seminar will contain practical, up-to-date information and will be
presented in an informal setting to allow you to ask the questions that you need answered.
2 Real Estate Continuing Education Credits
Approved
|