EAUGRADS BRICKS, LLP.,

REPORT ON NON-MORTGAGE ALTERNATIVES TO REAL ESTATE INVESTING


THERE ARE A VARIETY OF WAYS TO ACQUIRE REAL ESTATE INTERESTS WITHOUT USING MORTGAGE FINANCING

[WITH THE EXCEPTION OF THE REAL PROPERTY SALES CONTRACT]

THESE METHODS ARE AVAILABLE TO ONLY LARGE FINANCIERS, VERY STRONG TENANTS OR SUBSTANTIAL INSTITUTIONS

EST. SINCE 1999

[ FOUNDERS ]

T. HARRIS, LLD & ASSOCIATES

EAUGRADS BRICKS, LLP.,

SECURITY AGREEMENTS PERSONAL PROPERTY SECURED TRANSACTIONS UNIFORM COMMERCIAL CODE

AGENTS IN REAL ESTATE TRANSACTIONS:


INVOLVING BOTH PERSONAL & REAL PROPERTY MUST BE FAMILIAR WITH THE TRANSFER & ENCUMBRANCE OF PERSONAL PROPERTY. BECAUSE IT IS OFTEN DIFFICULT TO DETERMINE WHETHER OR NOT A PARTICULAR ITEM AFFIXED TO REAL PROPERTY IS A FIXTURE, THE OBLIGATION SHOULD BOTH BE SECURED BY A TRUST/DEED MORTGAGE & A PERSONAL PROPERTY SECURITY INSTRUMENT (MIXED SECURITY).

NON-MORTGAGE ALTERNATIVES TO REAL ESTATE INVESTING:

  • AN ALL CASH PURCHASE IS AN OBVIOUS ALTERNATIVE TO MORTGAGE FINANCING
  • SYNDICATE EQUITY FINANCING
  • COMMERCIAL LOAN
  • BONDS OR STOCK
  • LONG-TERM LEASE
  • EXCHANGE
  • SALE-LEASE BACK
  • SALES CONTRACT - LAND CONTRACT

ARTICLE 9

DIVISION 9 ENTITLED "SECURED TRANSACTIONS, SALE OF ACCOUNTS, CONTRACT RIGHTS & CHATTEL PAPER" OF THE UNIFORM COMMERCIAL CODE (ucc) contains the unified and comprehensive scheme of regulation and control of sale, creation and priority of all liens and security interest. It covers a transaction in any form which is intended to create a security interest in personal property, including: goods, documents, installments, chattel paper, accounts or contract rights and similar items. The security interest gives the secured party the right to foreclose and apply the sale proceeds towards the satisfaction of the secured obligation if the debtor defaults.