Do home owners really sell houses and hold the note?
87450
Yes.  It is more common for the buyer to obtain 80% of the financing and for the owner to finance the other 20%.  This is usually for buyers who are a little more credit challenged and do not qualify for a 100% (or an 80/20) loan on their own.\n\nIt is called "Seller Financed".  The buyer should have the same paperwork filed at the county as if it were a conventional loan to protect their interests in the loan.\n\nAlso, since Seller Financing is not reported to the credit bureau make sure ALL payments are made on time with a check.  This will help the buyer obtain a regular loan if need be.
626211
no.  the government is in the business of encouraging home ownership, not funding it.  the whole point of home ownership is to put some equity into something so you have a sense of connection to this massive pile of debt you've just bought.  if the government gave you the downpayment, what sense of connection is that?  you bought a house with the government's money and there's nothing keeping you from walking away.
354343
The seller pays the real estate agent(s) not the buyer. Only if you buy a For Sale by Owners house can you expect to save anything and even then the sellers are going to try to get that "extra" 6% for themselves.\n\nTo most sellers the fact that you have cash means very little. It may speed up the process a bit but not much.\n\nRemember that all of that money will be tied up until you sell the house. That is money that might be earning 5% or better and you will not be getting the interest on the mortgage as a tax break.\n\nHaving said all of that, we were in position to pay cash for our current house and did. It feels really nice to not have to worry about payments every month except for insurance and taxes.
570682
a bid to sell?  that doesn't make sense.  Are you asking what forms you need to put your house on the market?  Disclosure statements vary state to state so check your state for their disclosure requirements.
320218
With just a notice, you can still sell as it is still your home.  You will have to get at least the outstanding balance on the sale to cover the bank note + penalties you have accrued.  Many people choose to sell when in foreclosure as they can walk away with a little cash and sometimes allot of cash depending on the market.  There are also ways to get bailed out of the foreclosure if you want to keep the home.
605831
Yes if selling they both have to sign, if they're both on the deed.
735868
Ask everyone you know if they know of anyone looking to sell their home. Real Estate is a "how long you've been in the business" kind of thing.  It takes a while for people to think of you before they think of someone else. Part of that is achieved by farming, some is advertising, but most is referrals.  The more people you've done business with the more people that get referred.\n\n----\n\nYou need to base it on where you are located. The guy from Singapore has some great ideas, but some of them are not legal in the US.  You cannot pay a referral fee to anyone in the US unless they are a Licensed Real Estate Agent.  You can be prosecuted by the Department of Housing and Urban Development.\n\nThe other post where they suggest sending postcards etc to 300 to 500 households a month is called farming.  However, it usually takes six months to a couple years for farming to start paying off - and it can be expensive.  But it is a good tool.
727610
WE CAN GET LOTS OF MONEY IF WE SELL OUR HOUSE.
173431
no. they come off the value of your house when you go to sell it. meaning less profit for the you to show the irs.
939489
Don't even THINK about selling a house by yourself! There are so many legal catches and loops that only a fool would sell their own house without any knowledge!\nYou could get sued & screwed; the buyer could find technical fault and... the list goes on and on - don't do it!!!!\nYou've been warned... (don't learn the hard way)!
910610
Heck yea and many scum sucking realtor will also. If they list a property that is way under market they flip it. There is no reason why they would even market the house or even put it on the MLS.  This is just one of the games that they do, check out this web site.\n\nhttp://www.breakingbubble.com/index.htm
540241
where do u live? in the uk there are joint ownership scheames. a housing agency pays half your mortgage, you pay the other. if you ever sell they get half, but so do you. and you buy the home yourself.
293624
Look in the classifieds.  There are ads for people who will buy house hold items.
351524
Sorry, Bronwyn, but that's not true.  Filing a quit claim deed does not remove a person from a mortgage note.  All it does is transfer away their ownership interest in the property.  They are still responsible for paying the loan.\n\nTo h8mongrel, the only ways to get off a mortgage note are to pay off the loan by either refinancing or selling, or if the lender releases you (such as by allowing you to assign the loan to a new owner).  Lenders are unlikely to release someone from a loan but you can always try calling them and asking.
871977
Unless your buyers believe in "Feng Shui".Since you have mention that your house is in beautifully conditioned,don't worry about others which are also for sales,must have confident in your house,unless you are selling way above market price.Buyers will pay your price,if they feel your house worth it.\n\nJust don't show that you are desperately looking for a buyer.
762910
Yes.  Several ways, like liens for taxes or other government services, or judgement liens from lawsuits, or a Lis Pendens from plaintiffs suing the owner for something.
129002
If you are both on the title and the note, then you are either going to have to do one of these things. \n\nIf one person wants the house and the other person does not care about the equity in it, then the person who is giving up the house needs to sign a quit claim deed with a title company, and then the person who wants the house has to refinance it to get the other person off the note. The lenders will not just let one person take over the whole note because most loans are not assumable, and you were probably qualified by using both of your incomes and credit. \n\nIf one Person wants the house and the other does not, but the person not wanting the house wants their equity out of it, then the person wanting the house needs to buy out the other person. You would do the same thing as I mentioned before, except you would take the appraised value of the house now, subtract what is owed on the home, and divide by two to determine each persons equity. Then the person being bought out has the option of taking their equity out of the cash back from the refinance, or they can attach a lein on the house for the amount of equity they are owed. If they attach a lein, then before the house can be sold, or refinanced again the lein has to be satisfied. The problem with doing a lein is that if the property goes down in value, or gets foreclosed upon, your priority is second, and you might not ever get your money.