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Forte Properties is a full service real estate company that specializes in Owner Financed homes in Cedar Park, TX and surrounding areas. We have EXCLUSIVE access to over 250 Owner Financed homes in the greater Austin area. Homes other investors don’t want you to know about! We know how important the decision is when you have to choose professionals for various needs in your life; we take helping people like you who want to purchase a home very seriously.

We have teamed up with Exit Options Realty and work hand in hand with dozens of professionals in various facets of the real estate market dedicated to assisting you with whatever your real estate needs may be. We work with licensed RMLO’s and Real Estate Attorney’s to ensure all of our Owner Financed home sales are 100% legal and conform with the new Texas S.A.F.E. Mortgage Act. Why risk it with anyone else??

Our customers are at the heart of what we do, and we are committed to finding your perfect home, based on your preferences, in a timely manner, for the best price possible.

You want to purchase a home; unfortunately, the ongoing credit crunch makes being approved for a traditional real estate mortgage loan daunting at best. If you are self employed or on fixed income, or have had a bankruptcy or past foreclosure, you can qualify for our Owner Finance program. If you have at least 5% to 10% down and can afford monthly payments, you are approved!

So what are you waiting for? View our available homes at http://www.AustinOwnerFinancedHomes.com, and if you do not find what you are looking for, register for our new home email list and we will send you homes based on your search criteria!

You can buy a home with no credit check and actually own it! On an owner financed home purchase you get the deed at closing similar to if a bank had loaned you the money. Below are some details of the various programs available to people with less than perfect credit.

Rent to own – is just like it implies you do not own the property until you have made the very last payment so if you did a rent to own for 30 years it means it would not be yours until 360 payments (It will not be in your name until the 360th payment is made!!) have been made and guess what if you miss or are late on even one payment in most cases it reverts to renting with no chance of it being yours even if the remaining payments were made on time. You are a RENTER until the last payment is made!!

Lease option – Similar to a rent to own but here you are basically signing an agreement to buy the property at some future date. In the meantime you are paying a hefty deposit which is usually not refundable should you decide not to buy. This is a way for the landlord to get down payment benefits of a purchase on what is actually closer to a rental. If you do not exercise your lease option to buy you could lose both your deposit (lease option fee) as well as any payment credits.

Contract for deed – This is very similar to a rent to own. The difference is that on a contract for deed you have a purchase contract similar to that of a rent to own but here you get a promise for the deed to go in your name once all payments are made and you get very few real ownership benefits if any. Many states do not allow a contract for deed transaction or have heavy restrictions on the transaction but terms on these are usually pathetic. High interest rates and consequently high payments are common. Do your homework and rely on professionals other than just those trying to sell you the home.

Owner Financing is the way to own a home and without all the problems mentioned above. This is when a seller or owner of the home lets you pay them over time instead of requiring you to get a mortgage with a bank. You can buy Owner Financed homes and own the property immediately. This is fast becoming the most efficient, economical way for people with good bad or no credit to purchase a home.

Since Owner Financing doesnt rely on your credit score, the purchase of your new home can be completed very quickly. Sometimes, the process can be completed in as little as a few days. You can also get good interest rates and a low down payment. Always consult a competent attorney to help you navigate through this simple process and before you know it you will own the home of your dreams with Owner Financing and NO credit check!

In today’s tough market, even well-priced homes are staying listed for months. Desperate sellers continue to lower prices, but with no success. Even with affordability at an all-time high, buyers are hesitant due to the instability of the overall economy. For those who are willing to buy, getting approved for a loan can be another roadblock to overcome. It’s times like these where inventive and highly-risky options are ready to be considered.

Jonathan Osman explains why owner financing can be a win-win situation:

“Essentially, in owner financing, you, the seller, are acting as the bank for the buyer. They qualify based on your criteria, pay you a mortgage every month, and they own the house. Much like the bank, if they are late on a mortgage payment, you can foreclose based on the terms of the mortgage and when they sell it, they will pay you the balance. While it is risky and isn’t for everyone, it can be extremely profitable and an excellent source of income through the interest paid on the loan. Most people never consider why a bank would ever consider lending money to someone who couldn’t pay it back. However, all one needs to do is to pull up an amortization chart to realize the profit involved in mortgages. For an example, take a 0,000 mortgage at a 5.5 percent interest rate. In the first year, the buyer has paid the seller ,932.72 in interest and only 94.20 in principal.”

Prospective buyers are not qualifying for loans for a variety of reasons, most of which are the result of the recent tightening of the lending guidelines.

If a seller needs to sell a property and is not risk averse, owner financing may be a way for the both properties to come out ahead.

http://www.AustinOwnerFinancedHomes.com

http://www.GreatHomesTexas.com