The stock market continues to expand and retreat. Personal portfolios are dwindling. It is a “buyers market” in real estate. Banks, despite an unprecedented federal bailout, are tightening their lending programs so the average purchaser can’t obtain a loan.
This is the recipe the private mortgage industry was founded on – and it has returned.
With everything going on right now in the real estate marketplace there are two key factors that make this the time for seller financing. One, banks are not lending. Two, investors have nowhere to put their money.
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