Learn
Creative finance, in plain English.
Short explainers on the structures Kristen coordinates, and a glossary of the words that show up on every creative file. General information, written to be read in one sitting. Not legal advice.
Explainers
Seven explainers, one page each.
Each one ends with the matching deal page, its price and a Start a File button, so reading turns into a checklist.
- Explainer What is subject to real estate? The buyer takes title and the seller's loan stays in place. What stays with the seller, where the risk sits, and the steps the file goes through. 5 min readRead
- Explainer What is a wrap around mortgage? A new note that wraps around the old one. How the payments flow, what Texas requires before signing, and why a servicer matters. 5 min readRead
- Explainer What is seller financing? The seller carries the note instead of a bank. How it works, the documents, the terms people negotiate, and the rules that sit on the seller-lender. 5 min readRead
- Explainer What is a novation in real estate? An end buyer is substituted into the seller's contract at closing. The definition, an example, novation vs assignment, and the file steps. 5 min readRead
- Explainer What is a lease option? A lease now, the right to buy later. Lease option vs rent to own vs lease purchase, the Texas executory contract rule, and the file steps. 5 min readRead
- Explainer What does a transaction coordinator do? The job between contract and closing, what changes on a creative file, who pays the fee, the license question, and what a TC never does. 5 min readRead
- Explainer The due-on-sale clause The paragraph in the deed of trust that every subject-to and wrap conversation comes back to. What it says, what it does not say, and how a file handles it. 5 min readRead
- Glossary Creative finance glossary Thirty terms investors, attorneys and title companies use on these files, defined in one or two plain sentences each. Search or tap a letter. 30 termsOpen
- Process How a file moves The eight steps every creative file goes through with Kristen, from contract in to first payment confirmed, and who does each one. Tap throughView
Done reading?
Open the file today. Kristen takes it from here.
Flat fee by deal type, from $595. $250 opens the file, the balance at closing. See the full price list.
Call or text 940-206-4427 or email kdean2014@yahoo.com