Notes - Seller Carry - Tom Henderson
Real Estate Note FAQs
What is a seller carry back note?
A seller carry back note is created when a seller finances part of a property's sale price for a buyer. The buyer makes regular payments to the seller, similar to a traditional mortgage. This arrangement can benefit both parties: buyers may obtain financing when traditional options aren't available, and sellers can potentially gain an additional income stream.
How does a seller carry back note differ from a traditional mortgage?
While similar in structure, seller carry back notes originate from the property seller, not a lending institution. This provides flexibility in terms and conditions, allowing for tailored agreements to fit both the buyer and seller's needs.
What is a security instrument in a seller carry back note?
A security instrument safeguards the
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