Property Q&A in Jacksonville>Question Details

Chapman, Home Buyer in San Marco, Jacksonvi...

I would like to know what is meant by the flexible terms?

Asked by Chapman, San Marco, Jacksonville, FL Sun Feb 1, 2009

--
This question is about this property: http://www.trulia.com/property/1066757679-1714-N-Market-St-J…

Help the community by answering this question:

Answers

3
Basically, the seller is selling a property that probably needs some TLC, and the seller appears to be willing finance (using a wrap [aka subject-to mortgage, lease-option [aka rent-to-own], etc) the purchase 100%. These types of contracts are straight-forward; a mortgage is a mortgage. The only difference here is that the seller--instead of a traditional lender--will finance the purchase.

This will be a win-win for both the buyer and seller, because the seller will receive more money, and will be able to sell the property sooner. The buyer won't need to qualify with another lender for the loan, and the buyer will most likely have to deposit less money upfront.
0 votes Thank Flag Link Sun Feb 1, 2009
Flexible terms from the seller could mean anything from the owner providing the financing to rent to own, a type of owner financing. They want to sell that bad boy!
Web Reference: http://www.blainerabe.com
0 votes Thank Flag Link Sun Feb 1, 2009
By reviewing direct link you provided could be seller willing do owner financing with terms working on behalf of all parties. Have your buyers agent investigate more these types of contracts can be tricky, unless you have your own lender.
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Sun Feb 1, 2009
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer