Friday, October 27, 2006

From Housing Slowdown to Housing Showdown

Stay tuned to this! Stay tuned to this! My, oh my, do we have a real estate showdown going on in the marketplace today! I say that real estate values have dropped and do I mean dropped! Year over year the largest real estate drop in 35 years! Ok, now that the bad news is out of the way, let's look at the good news for real estate.

The good news is that real estate deals are back in vogue. The buyer is holding all of trhe cards in this real estate deck and the deck is stacked with seller held seconds. The seller held second mortgage is also referred to as owner financed seconds and can also be referred to as owner financing for that matter. Let's look a little more closely to the second mortgage held by the seller on a property when real estate financing is in view. This is similar to owner held second mortgage and this truly helps the buyer - hence the name sellers helping buyers.

Seller finance property with seconds can be of benefit to someone entering the real estate market. This is the option with interest rates at attractive levels for the owner financed property in the form of a second mortgage.

Seller Helps


Blogger Housing & Construction said...

Owner Helps Buyer with a seller second mortgage is a great way to go!

9:04 PM  

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