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| Below Tax Value |
Government
Re-Acquired |
Non-Qualifying |
| Equity |
Lease Purchase |
Qualify |
| Exclusive Lists |
Listings |
Seller Financing |
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MLS |
Steals &
Deals |
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Vacant Homes |
| Equity: is the difference between the sale price of a home and the amount owed
on it. (Return To Top) |
| Exclusive
Lists: Our unique proprietary software seeks out types homes for sale that the MLS
software cannot. (Return To Top) |
| Government
Re-Acquired Homes: that went into default having government (VA or FHA) loans are re-sold
to the public via a special bidding process. (Return To
Top) |
| Below
Tax Value: Periodically, houses are appraised for tax purposes. In Mecklenburg county,
they use the full market value as the tax value. In other counties they may use
a percentage of market value. (Return To Top) |
| Lease
Purchase: A lease-purchase is a deferred payment plan which
allows a buyer to rent the property for a while before purchasing it. (Return
To Top) |
| Listings:
A "listing" is a property that is marketed by a real estate broker.
As used herein, "listing" refers to properties marketed in the MLS
real estate brokers. (Return To Top) |
| MLS: MLS stands for Multiple Listing Service.
A database of homes listed for
sale by all area Realtors. (Return To Top) |
| Non-Qualifying:
Some homes have loans that can be assumed with no qualifying whatsoever.
Certain FHA, VA, Conventional, and Seller loans allow this. All the home buyer
has to do is pay the seller's equity
and take over the monthly payments. (Return To
Top) |
| Qualify:
To ensure that they will be repaid the money they loaned, lenders often want
borrowers to qualify for the loan. The requirements to
qualify can vary widely from lender to lender, and from
one mortgage product to another. (Return To
Top) |
| Seller
Financing: Sometimes the seller will help a buyer purchase the home. Our Exclusive
Lists identify all listed properties offering seller financing, as well as
sellers who are "Motivated" and may consider such an offer.
Seller financing can be structured in a variety of ways, including but not
limited to: purchase money mortgages, wrap-around mortgages, and contracts for
deed. The payments can be structured in many ways too, from an interest
only or deferred payment plan with a balloon at the end of a specified term, to
a fully amortized payment schedule. Shared equity, discounts for prompt
payment, seller-paid refinancing costs are examples other negotiable
terms. (Return To Top) |
| Steals
& Deals: Some homes can be bought at bargain prices.
Our Exclusive Lists identify homes that can be real deals! (Return
To Top) |
| Vacant
Homes: a home that can be occupied right away, without
having to wait for a seller to move out, or (if new construction) for a builder
to finish building. (Return To Top) |
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