Sci-Fi Housing

Wednesday, November 29, 2006

Kevin Federline Looking For Owner Financing

Kevin Federline looking for owner financing. Is this true or is it just a rumor. If anyone knows then please let me know becuase he seems like a pretty reliable tenant for owner financing or even for a sellr held second mortgage.

Maybe he could find something for owner financing at this seller financed real estate directory?

I don't know, anyway let's checkout the owner held seconds.

Saturday, November 18, 2006

Real Estate's Trend Toward Owner Financing

There is a trend in real estate toward owner financing. This is most notable in recent months. Single family homes as well as condos and other residential and commercial proerty types are all candidates for seller held second mortgage loans. This is essentially seller financing (also called owner financing) and this is increasing in popularity.

Seller Held Second Mortgage
Owner Financed Property
Seller Will Carry A Second Mortgage

The above are just a few examples of the terminology that is used in this real estate trend. The first mortgage is with a bank and the second mortgage is held by the seller of the property. Hence the term bank financing and seller financing. In the above scenario, the seller is also the owner and this is why seller financing and owner financing are interchangeable in a real estate glossary of financing definitions.

Stay tuned for more information about owner will carry.

Monday, November 13, 2006

Housing Sold With Seller Financing A Second Mortgage

There are numerous housing sales presently occuring whereby the seller is holding a second mortgage. Some people are obtaining a mortgage on the first (from a bank) and a mortgage from the seller also called a 'seller second'. This dynamic is taking real estate by storm - housing is going gangbusters I say!! I'm silly like that abut owner financing.

OK, back to reality now. Seller seconds have been in existence for some time although real estate transactiosn have been without them in recent years because of the bidding wars in the driveways. The bidding wars are NO MORE and the only ones that are standing in the driveways are the seller - who incidentally, is argueing with a listing realtor about why there is no bidding war in the driveway. Now one thing is for sure and that is that a good listing realtor or listing agent will not kid the seller and overprice the house. This is also called 'priced to sit'. 'Priced to sit' or 'priced to sell' has been the real estate montra in past years before this buying frenzy and do I mean frenzy has been going on in housing. The new saying in real estate today is now 'seller held seconds' and you can either be the first or the last with this real estate phenomenon. Are you with me?

OK, moving forward, this is starting to get silly sounding but it does have a lot of words like housing and second mortgage. Not to mention real estate, seller held second, owner financing and owner will finance with a second mortgage. OK, enough promotion - as you can tell, I do like the site seller financing and owner financing. So check it out.

Seller Seconds

Tuesday, November 07, 2006

Seller Sells and Buyer Buys - The Case of Owner Financing

The seller may sell real estate. The buyer may buy real estate. Once the seller sells real estate to the buyer then the buyer becomes the owner of that real estate. Although, please be aware that up until the time that the buyer buys the real estate, the seller is still the owner.

This brings me to my next point which is the financing of the real estate. Perhaps the financing is done at a bank and perhaps the financing is done by the seller. if the financing is done by the bank then it is called bank financing. If by the seller, then it is referred to as seller financing. Seller financing is similar in nature to owner financing. Some people prefer to refere to the transaction as owner financed or seller financed. I myself, prefer seller financed rather than seller financing. The reasons are quite sophmoric - essentially there are fewer syllabuls in seller financed than there are in seller financing. If you don't believe me, then put your hand under your jaw and say 'seller financed' and count the number of times your jaw touches your hand. That is how many syllabuls there are in seller financed. Now do the same for 'seller financing'. There, wasn't that easy? Now you can be sure without the shadow of a real estate doubt that there are fewer syllabuls in 'seller financed.

Let's try the same with 'owner financed' and 'owner financing'. Did you find that you prefer owner fiananced more than owner financing? OK, we are in agreement at this point that we prefer seller financed and seller financing better.

Seller Financed is one way to go for a definition of real estate.

Owner Financing is another way to go when seller real estate owned by the owner.