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  2. Owner financing: What it is and how it works - AOL

    www.aol.com/finance/owner-financing-works...

    If a buyer fails to repay the owner financing, the recourse for a seller depends on the agreement. In a rent-to-own arrangement, for example, the seller might be able to start the eviction process.

  3. Real estate contract - Wikipedia

    en.wikipedia.org/wiki/Real_estate_contract

    The sale of land is governed by the laws and practices of the jurisdiction in which the land is located. Real estate called leasehold estate is actually a rental of real property such as an apartment, and leases (rental contracts) cover such rentals since they typically do not result in recordable deeds .

  4. Seller financing - Wikipedia

    en.wikipedia.org/wiki/Seller_financing

    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.

  5. Land contract - Wikipedia

    en.wikipedia.org/wiki/Land_contract

    An initial down payment from the buyer to the seller is usually also required. The legal status of land contracts varies between jurisdictions. [vague] Since a land contract specifies the sale of a specific item of real estate between a seller and buyer, a land contract can be considered a special type of real estate contract. In the usual more ...

  6. Mortgage application: What’s included and how to prepare - AOL

    www.aol.com/finance/mortgage-application...

    Saving for a down payment: If you save 20 percent for a down payment, you can avoid paying private mortgage insurance and save money on your monthly payment. But you don’t need to put 20 percent ...

  7. Rental agreement - Wikipedia

    en.wikipedia.org/wiki/Rental_agreement

    How much: Rent may be payable monthly, annually, or in advance, or as otherwise agreed. A typical arrangement for tenancy at will is "first and last month's rent" plus a security deposit. The "last month's rent" is rent that has yet to be earned by the landlord. A rental agreement or lease may include a "rent review" clause which makes ...

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