realtor in shreveport: Should I Owner Finance my home??
- 05/18/09 01:54 PM
With the Banks' tightening of the money, there has been a resurgence of Lease to Own Agreements lately. Although these deals are popular with both Buyers and Sellers, they are not to be taken lightly. Here's why these instruments are potentially dangerous:Danger for the Seller: If the Buyers stop making payments under a Lease to Own Agreement, the Seller can not evict them. Instead, the Seller has to institute foreclosure action, which can take many months. In essence, the Owner could potentially have tenants who don't pay rent for a very long time (foreclosure action may take over a year), without … (0 comments)
realtor in shreveport: Interest rates are at 4.5% for an FHA/VA 30 year fixed
- 03/24/09 12:36 PM
If you were ever thinking about buying or selling your home, NOW is the time!! Interest rates are at an all time low which directly effects your payment. You can buy more of a home now for less money monthly vs waiting for interest rates to go back up. NOW is the time. For example: $200,000 home @ 6 % interest is $1200 for Principle and Interest The same home at a lower interest rate $200,000 home @ 4.5% interest is $1013 for Principle and Interest What would you do with the extra $$$??? Pay off the home quicker!! For more … (0 comments)
With the Banks' tightening of the money, there has been a resurgence of Lease to Own Agreements lately. Although these deals are popular with both Buyers and Sellers, they are not to be taken lightly. Here's why these instruments are potentially dangerous:Danger for the Seller: If the Buyers stop making payments under a Lease to Own Agreement, the Seller can not evict them. Instead, the Seller has to institute foreclosure action, which can take many months. In essence, the Owner could potentially have tenants who don't pay rent for a very long time (foreclosure action may take over a year), without … (0 comments)
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