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Key takeaways. Owner financing is an arrangement in which an owner or seller, rather than a bank or mortgage lender, extends financing to a buyer. This can be a viable option for buyers who don ...
Seller financing. Seller financing is a loan provided by the seller of a property or business to the purchaser. 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 ...
William Ellison Jr. (April 1790 – December 5, 1861), born April Ellison, was an American cotton gin maker and blacksmith in South Carolina, and former African-American slave who achieved considerable success as a slaveowner before the American Civil War. He eventually became a major planter and one of the wealthiest property owners in the ...
Land contract. A land contract, (also known as contract for deed or agreement for deed ), is a contract between the buyer and seller of real property in which the seller provides the buyer financing in the purchase, and the buyer repays the resulting loan in installments. Under a land contract, the seller retains the legal title to the property ...
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