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Simultaneous closing is a real estate seller financing technique, whereby the private mortgage note created by the seller is simultaneously sold to a note buyer on closing. Typically, the terms of the note are agreed upon between the seller and the buyer with some suggestions from the note buyer.
A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and in a small number of other ...
Some U.S. state real estate commissions – notably Florida's [5] after 1992 (and extended in 2003) and Colorado's [6] after 1994 (with changes in 2003) created the option of having no agency or fiduciary relationship between brokers and sellers or buyers.
A mortgage note for these investors are home loans or mortgages that are secured by real estate. Mortgage notes could be anything from $10,000 to tens of millions of dollars. Note buyers can buy notes on nearly any type of property, although owner-occupied single family houses tend to get the best pricing.
Section 341a of the Act (codified in Title 12, U.S. Code, Section 1701j-3) makes the enforceability of due-on-sale provisions a federal issue and provides that if real estate loan documents contain a due-on-sale provision, that provision is enforceable if the property securing the loan is transferred without the lender's consent. Institutional ...
Similarly, Ocala, a north-central city, experienced a more than 51% fall, amounting to close to $9,000 less in down payments, while the Naples-Marco Island area saw a 14.5% decline, translating to ...
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