Bondocbuysdirt.com
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Have you thought about selling your property with term or "Owner Financing"? Explore the advantages here.
Sellers get a higher purchase price compared to a cash offer.
No capital gains tax compared to selling for all cash (consultwith your attorney).
Receive consistent “mail box” money each month without the burden of the property.
Get paid 3 ways – down payment, monthly payment, and large lump sum at end of term.
Sell “as-is” and don’t have to make any repairs or improvements to the property.
Fast and easy closing without having to pay for closing costs or 6% realtor commissions.
How is closing handled when selling my home on terms?
We simply close with a local title company to handle the transaction and legal paperwork.
After I sell, do I have to pay for repairs, insurance, property taxes, etc?
No, after you sell, BHB will be financially responsible for those items.
How do I collect my monthly payment?
We will use a third party loan servicing company to collect our payment and do a direct deposit to your bank account. The loan servicing company will track the loan balance, principal paydown, escrows, etc. So 100% hands off for you!
If I have a mortgage, can I still sell my property on term to BHB?
Yes, we can definitely take over payments and give you a check to walk away with. At closing, you will sign a limited power of
attorney which give BHB the legal ability to set up ACH payments to your lender and we will continue making payments on your behalf for the life of the loan.
What if BHB doesn’t send me my monthly checks?
Bondoc Buyers has no intention of defaulting on the loan. That is why we give a down payment to have “skin
in the game”. We also sign a Promissory Note at closing with you as the seller, to have a legal binding document stating
if we don’t pay, you get to foreclose on us and get the property back.
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