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How does creative financing work?

Posted in Seller Financing

March 27, 2011 Today I got this email from Teresa, a real estate broker: James, I have a buyer with a good down payment. They make good money, but they are self-employed, have less than perfect credit, and are having problems getting financing. They have been looking to buy a home around the $300-400k range.  I would like to get you connected up with my buyer to see if they can use your creative financing techniques to make a purchase. Let me know when you are available. Sincerely, Teresa, Real Estate Broker *** Dear Teresa, I can probably help this buyer. I look forward to talking with you. It sounds like you have found the kind of buyer who can benefit from creative financing. What is the advantage to a buyer to do seller-financing? The buyer can avoid the...

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