Secure Real Estate

Description

Mind Map on Secure Real Estate, created by William Ryan on 11/13/2015.
William Ryan
Mind Map by William Ryan, updated more than 1 year ago
William Ryan
Created by William Ryan about 7 years ago
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Resource summary

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