Purchase Money Mortgage


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Purchase Money Mortgage

A security device entered into when the seller of property, as opposed to a bank or financial institution, advances a sum of money or credit to the purchaser in return for holding the mortgage on the property.

The seller of the property, rather than a lending institution, is the mortgagee. These mortgages are given concurrently with the conveyance of the land or the transfer of the items sold.

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all of the liabilities F assumed are treated as boot, including the otherwise-benign assumption of the purchase money mortgage note).
Realtors never had much interest in or influence over the refinance decision, but they remain the primary gatekeeper for purchase money mortgages.
If the purchase money mortgage is junior to a bank loan, there's a risk that the buyer will default on the seller-financed loan but not on the senior loan, leaving the seller with little recourse.
If you are not one of the few credit unions or CUSOs that have the individuals on staff with the experience to develop a successful plan to capture your member's purchase money mortgage business, seek help or guidance to ensure you develop a team that really understands who constitutes the market you are going after, what channels to use to rollout the plan, when to market to the targeted segments, where your market is and how you intend to fully implement the plan.
We have increased our purchase money mortgage originations through products which are particularly attractive to first time home buyers in an increasing geographical reach.
A $1,250,000 purchase money mortgage on a 25 unit, 6 story elevator building on the Upper East Side of Manhattan.
This trend could keep the Alt/A and purchase money mortgage markets strong.
Our growth potential is nearly unlimited, and by adding to quality leaders like Syllen, and Steve, we are further positioning HFN to be an even larger player in the purchase money mortgage marketplace.
The borrower had recently closed on the $18 million purchase with a purchase money mortgage, and now had the opportunity to refinance the PMM at a substantial discount, but only if the deal could be completed by year end.
A purchase money mortgage in the amount of $566,250 on a multifamily apartment building located in The Bronx, NY.
75 million purchase money mortgage to the buyer at an effective interest rate of 9.