All Topics / Creative Investing / Loan Statements for Vendor Financed Properties

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  • Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    Hi All

    Currently there are quite a few people selling their properties with vendor finance (VF) on a DIY basis.  If they are selling with a Lease/Option (Rent To Own) they don't have to supply their tenant-buyer with a loan statement because a Lease/Option isn't a credit contract.

    However, if they have sold the property with an Instalment Contract or Deposit Finance, they have to supply regular loan statements and ASIC is very clear about what has to be in those statements.

    Our latest N2P News covers what needs to be in these statements.  This edition of the newsletter can be viewed at:

    http://negative2positive.com.au/category/blog

    Cheers,  Paul

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

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