"After the global financial crisis in 2008 the market became littered with low-valued property that has high-valued loans remaining in it. This happened because people only knew one way to invest in property, which is through bank finance. The process has been handed down for generations, and it wasn't until the global financial crisis when people began to truly see the limitations of the traditional process,"
"I keep on saying that the established system is inefficient for the reason that it demands too much money from people to let them into the market. It's obvious that by the unbalanced increase of wages and living expenses, not a lot of people have enough money lying around their house to be used as deposit money when they want to buy home," he explained.
"A quicker and more efficient way to buy houses for sale is to let the buyer assume the existing mortgage. When the buyer picks up the debt, this means that he's taking over the payment of the loan for the seller. This helps the buyer get in without having to spend a large deposit upfront. It also helps the seller move away from unwanted debt quickly," he shared.
Visit http://rickotton.co.uk/ today to get more information about creative seller finance strategies and how these strategies can be applied in changing market conditions.
This year marks the 10 year anniversary of
In 2012 Rick Otton published his Australian book 'How To Buy A House For A Dollar' which was named in the list of Top 10 Most Popular Finance Titles for 2013. A
Read the full story at http://www.prweb.com/releases/home-loan-approval/rick-otton-strategies/prweb11917849.htm
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