Tag: real estate contracts
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In Indiana, Sidelined Borrowers Turn to High-Risk Mortgage Alternatives
Over the last twenty years, there’s been a shift in home financing in Indiana. Tens of thousands of deed seekers have bought properties on installment contracts. Also called land contracts or contracts for deed, these alternative financing agreements can make a home purchase possible for those who cannot get financing from a standard mortgage lender.…
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AI Is Replacing Real Estate Professionals: True or False?
AI tools have been automating real estate sites, personalizing home searches, and handling a good deal of desk work for some time now. AI (artificial intelligence) gleans information from government records, the Multiple Listing Services, and other data sources. It’s used in marketing, budgeting, and communications. The vast majority of brokerages surveyed this year say…
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The Home Sale Is Pending. What Could Possibly Go Wrong?
If you’re shopping for a new home, you notice when this signage pops up: Sale pending. It’s a firm signal that a buyer has dibs on the home. “We’re almost there!” it shouts for the world to hear. Almost there, but some loose ends still must be tied. Home sellers might ask: What could scuttle…
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Ready to Close—But the Home Isn’t Empty
You’re ready to close on your new home. There’s just one issue. On what you thought was your final walk-through, the home still has an occupant. Or, surprise! It’s still cluttered with the seller’s rugs and lamps. Let’s talk about how to avert this scenario — and how to deal with it if and when…
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Federal Update: New Contract for Deed Rules
Contracts for deed – sometimes called installment contracts, land sales contracts, or owner carry – leave the deed until the borrower pays for the home in full. Until then, the borrower lives in and maintains the home. This is a type of seller-financed home sale – and it’s one way to avoid getting entangled with…
