Financing Basics – History of Property Financing introductory context of real estate financing, focusing specifically on the historical conflict between lenders and owners and the resulting regulatory environment for consumer mortgages. The Adversarial Lender-Borrower Relationship in U.S. Real Estate 1. Historical Context and Adversarial Relationship The historical dynamic between property owners and lenders/mortgage holders has […]
Notes and Their Provisions the structure, requirements, and specific clauses governing the promissory note and the corresponding debt obligations. Here is a summary of the key concepts within this section: The Promissory Note The promissory note is a written document serving as evidence of a debt owed by one person to another, typically arising from the loan of […]
Carryback Financing – the structuring, documentation, benefits, risks, and legal requirements associated with a seller providing financing to a buyer during a real estate sale. Overview and Structure of Carryback Financing Definition and Context: Carryback financing is executed when a seller extends credit to a buyer for the unpaid portion of the sales price, typically evidenced […]