LOAN SUBORDINATION
A subordinated loan is paid after all first liens have been paid. If there is a first and second mortgage loan on a property, the second mortgage is usually subordinate …
SELLER FINANCING
Seller financing can be a useful tool in a tight credit market. It allows sellers to move a home faster and get a sizable return on the investment. And buyers …
WHAT IS A MASTER LEASE?
What is a Master Lease? Dictionary.com defines a master lease as a ?controlling lease under which a lessee can sub-lease a property for a period not extending the term of …
OWNER FINANCING
What Is Owner Financing? Owner or seller financing means that the current homeowner puts up part or all of the money required to buy a property. In other words, instead …
HOW TO FIND AND BUY THE HOME OF YOUR DREAMS
By Ted James How to Find and Buy the Home of Your Dreams Whether it?s your first or fifth home purchase, buying a new place is always exciting. At the …
CERTIFICATION-OF-TRUST
Banks, financial institutions, and other lenders often make loans to trusts or loans that are guaranteed, collateralized, or otherwise supported by trusts. Lenders should perform due diligence for a trust, …
WHAT ARE OPERATING AGREEMENTS?
If you are seeking a business structure with more personal protection but less formality, then forming an LLC, or limited liability company, is a good consideration. If you are seeking …