Bruce Kellogg
Understanding Shared-Appreciation Mortgages
A SAM can offer benefits to both buyers and sellers, especially in markets where prices and interest rates are high. A Shared-Appreciation Mortgage, also known as SAM, is a carryback mortgage in which the purchaser of a home shares a percentage of the appreciation in the homeās value with the ...
One recent model may be in trouble; the other has endured for more than four decades. In simple terms, equity sharing is shared ownership or co-ownership. There are two kinds of shared equity models currently in use. The first is referred to as an equity sharing company. The second model ...
Understanding Land Sale Contracts
A land sale contract is a version of the purchase and sale agreement commonly used in real estate transactions, with some important differences. It has been around a long time, probably more than 100 years, but its use increased in the 1970s when institutional lenders began including ādue-on-saleā clauses in ...
Rising Rates? Try Seller Financing!
The Federal Reserve has been raising interest rates to combat high inflation. As a result, mortgage rates are about to exceed 7%. This has dampened activity in both residential and commercial real estate. Homebuyers and investors need a way to move forward with their purchases, and āseller financingā is a ...
Meetups are one of the most beneficial ways to market your business and to meet like-minded individuals, and there are so many available. From interests like real estate investing to hiking, there are meetups for almost everyone in every city. Organizers post these networking events on meetup.com. To join, go ...
Sellers come in various shapes and sizes. Some simply want to sell, such as a family wanting to move up or down in the same area. Others, however, need to sell, such as an owner facing foreclosure. Then thereās the matter of distress. Some properties are distressed, such as the ...
