Creative Financing 101 » due-on-sale http://creativefinancing101.com Guide to Zero Down, Bad Credit, FHA, Seller Financing, and Hard Money Loans Sat, 06 Mar 2010 00:37:43 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 More Home Ads Offer Seller Financing http://creativefinancing101.com/20228/more-ads-offer-seller-financing/ http://creativefinancing101.com/20228/more-ads-offer-seller-financing/#comments Thu, 12 Mar 2009 21:13:09 +0000 Jamie Beck http://creativefinancing101.com/?p=228 dollar-sign-in-boxThe declining real estate market has prompted a huge number of desperate sellers to offer creative financing possibilities to potential buyers. Seller financing ads, in particular, seem to be increasing.

San Francisco Gate’s On the Block blog explains:

“The appeal of seller financing is understandable — the buyer doesn’t have to jump through hoops to get a mortgage from a traditional bank. The seller, meanwhile, benefits as he/she may be able to spread the net gain on the sale over a number of years, thus softening the tax blow.

It’s not clear that buyers are biting, but sellers are certainly offering financing with a vengeance. Roughly 80 Bay Area listings use the term “seller financing” on Craigslist…”

Many of these seller financing proposals are bound to fail because of “due-on-sale” clauses on the sellers’ loans. However, buyers can still find plenty of legitimate seller financing deals in today’s market.

See Also:

Seller Financing Guide

Seller Financing Laws

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