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Alter Owner Financing Contract

Alter Owner Financing Contract

Aug 6th, 2022

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How to Alter Owner Financing Contract

5 out of 5

39 votes

In this video tutorial, the host addresses a subscriber's confusion about the differences between owner financing and contract for deed (also known as an installment plan contract). The host clarifies that a contract for deed is essentially a form of owner financing, which contributes to the confusion. The key distinction lies in the timing of the property deed transfer. Owner financing involves the seller acting as the bank, where the seller retains the deed until the buyer fully pays off the property. In contrast, a contract for deed allows the buyer to occupy the property while making payments, with the deed transferring at a later date. The host aims to simplify these concepts for better understanding.

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