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When used in the context of residential real estate, it is also called "bond-for-title" or "owner financing." [ 1 ] Usually, the purchaser will make some sort of down payment to the seller, and then make installment payments (usually on a monthly basis) over a specified time, at an agreed-upon interest rate , until the loan is fully repaid.
The Texas Pacific Land Corporation is a publicly traded real estate operating company with its administrative office in Dallas, Texas. Owning over 880,000 acres (3,600 km 2 ) in 20 West Texas counties, TPL is among the largest private landowners in the state of Texas .
Because of growing concerns that sales via land contract might violate truth in lending laws, the Consumer Financial Protection Bureau (CFPB) is considering regulating these real estate sales. [2] In 2015, Texas law was changed to automatically place the legal title to the property with the buyer by filing the contract with the deed records ...
This approach might be less expensive than a land loan — but proceed carefully when using your house as collateral. Seller financing: If the owner of the land is eager to complete the sale, you ...
“Homes in the less-populated areas between [Florida] metros are sitting on the market for weeks, leading sellers to lower prices,” Sasha Dookhoo, a Florida homeowner who purchased her house in ...
Real estate commissions: If you’ve hired a real estate agent, you’ll be responsible for paying their commission fee. This usually runs between 2.5 and 3 percent of the home’s sale price ...
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