Owner Financed Mortgage Note
Owner Financed Mortgage Notes An ownership-financiered loan can be referred to as a number of different names including “purchase-and-sale” mortgages, “realty notes”, “promissory notes”, or “mortgages”. When a home is bought with an ownership-financer, the lender gives the buyer a promissory (contractual) obligation to repay the amount borrowed plus interest. The lender takes possession of […]
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