Real Estate News From Around The World February 9, 2012

Can we use private financing to buy real estate? Question: Can we use private financing to buy real estate? Answer: In theory, yes. In practice, not really because the odds against private financing are substantial. In 1995, according to the National Association of Realtors, 68 percent of all first-time buyers obtained financing from mortgage bankers, 25 percent from commercial banks, 4 percent from S&Ls, 2 percent from "other" sources, and 1 percent from private investors. See Targeting Prospective Home Buyers and Sellers (1995 edition), page 29. Written by Peter G. Miller. © 1997 Peter G. Miller. All Rights Reserved. Rules, Disclaimers & Notices. Click here for a printer-friendly version of this article. Click here to translate this page to another language. Copyright © 2012 Realty Times. All Rights Reserved. Send Us Your Comments