Why Real Estate Investors Should Consider Owner Financing

By Author: Why Real Estate Investors Should Consider Owner Fi
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Owner Financing interest rates may be a little higher than market price when you initially purchase your home, however, this higher rate, along with a sizeable down payment, will actually help you obtain conventional financing at a lower rate down the road when you decide to refinance!
In order to protect themselves, some homeowners require that the buyer make their monthly payments into an escrow account held by a bank or other lending institution, and they require the borrower to place a Quit Claim Deed into the escrow account with instructions that if a payment is late by a certain number of days then the escrow officer will automatically file the Quit Claim Deed, restoring the house to the former owner instantly.
When in search for a home to buy, confusions and sometimes complications seemingly arise out of nowhere. At the time of the purchase the buyers are also required to sign a Quit Claim Deed that has specific instructions to automatically file the the form with the local courthouse which automatically restores ownership back to the former owner instantly.
At the closing table, we learned that he ...
... had signed documents from the buyer stating that our agent represented them and we had signed documents stating that he represented us- owner financed homes. For more information, please visit our website http://anyhomeownerfinancing.com/