Leave a comment » How do I know how much an Orlando home is worth?
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Leave a comment » Use Creative Financing To Attract Orlando Florida Home BuyersSOLD: How to attract more Orlando Florida home buyers with seller financing
Seller holds first mortgage.When selling a home in Orlando Florida, you can lend the home buyer the money, pocket the interest payments, and hold the mortgage on the property, as long as there is no current mortgage. The tax benefits are you may be able to pay income tax only on a percentage of the principal and interest that you get each year. You probably will want a 20% down payment (to discourage default on the loan), and you'll need an attorney to draw up a deed of trust and promissory note. Seller holds second mortgageYou can help fill the gap between other sources of financing and the sales price of the house. The second mortgage is usually for a smaller amount than a first mortgage but is riskier since it could be wiped out by defaulting on the first mortgage. Real Estate financing can be tricky, so be sure to have your interests legally protected by your attorney. Posted on June 25, 2010 02:46:21 by Christopher Myers
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Leave a comment » Orlando Short Sale | 330 Garden Oak Court Apopka FL 32703
Other Orlando Area Homes of Interest:
http://www.orlandofloridarealestatehomes.com/00A915 Posted on June 24, 2010 15:14:16 by Christopher Myers
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Leave a comment » Orlando Short Sale | 1714 Canoe Creek Falls Drive Orlando FL 32824
http://www.orlandofloridarealestatehomes.com/00A926 Posted on June 16, 2010 04:08:01 by Christopher Myers
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Leave a comment » Winter Garden Short Sale | 12943 Daughtery Drive Winter Garden FL 34787
http://www.orlandofloridarealestatehomes.com/00A8D7 Posted on June 13, 2010 03:00:20 by Christopher Myers
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