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Risk of loss if the buyer doesn’t pay or damages the property. Requirements for owner financing. The requirements for an owner financing agreement depend on how it’s structured. In general ...
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 (usually on a monthly basis) over a specified time, at an agreed-upon interest rate , until the loan is fully repaid.
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Historical marker ()The Snowden-Gray mansion is located on East Town Street in Downtown Columbus, close to Topiary Park. [1] The surrounding Town-Franklin neighborhood is considered the city's first suburb, first subdivided in the 1840s, with early fashionable residences constructed in the 1850s, and its lots filling in during the subsequent prosperous decades. [2]
The house was built in the late 19th or early 20th century, and was notably owned by Leonard Pearl Henderson, who made the property a hub for traveling Black entertainers. The building was at risk for demolition in 2022–2023, as the Ohio State University proposed building a rehabilitation center on the site.
Selling the typical way, with a local real estate agent, can take a while. Chicago homes spent a median of 68 days on the market before going into contract in December 2023, according to Redfin data.
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