4033651
Description
Mind Map by William Ryan, updated more than 1 year ago
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Created by William Ryan
about 9 years ago
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Secure Real Estate
- Land Contract
- Other Names
- Agreement of Sale
- Contract for Deed
- Real Estate Contract
- Agreement of Sale
- Financeor
- Seller
- Seller
- Transfer of Ownership
- When Paid off
- When Paid off
- Holds Legal Title
- Seller
- Seller
- Other Names
- Mortgage / Trust Deed
- Holds Legal Title
- Buyer
- Buyer
- Promissory Note
- Has
- Payor and Payee
- Amount Owed
- Rate of Interest
- Fixed or Adjust
- Due Dates for Payments
- Loan Terms
- Prepayment Privalage
- Prepayment Penalty
- Lock-In Clause
- Acceleration Clause
- Late Payment Penalty
- Prepayment Privalage
- Payor and Payee
- Order of Payments
- 1. Interest
- 2. Principal Due
- 3. Taxes and Insurance
- 4. Late Fees
- 5. Any other Amounts
- 6. Principal Reduction
- 6. Principal Reduction
- 5. Any other Amounts
- 4. Late Fees
- 3. Taxes and Insurance
- 2. Principal Due
- 1. Interest
- Has
- Holds Legal Title
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