In this video, I discusses the vendor take-back mortgage.
You use this tool when there are no other options available. You use it sometimes when you are desperate and you use it sometimes for convenience. It’s also something that most sellers may not consider, but it could turn out to be a savvy investment for them. In this video, I go over all the pros and cons of the vendor take-back mortgage and why you need to understand how it works.
Barry Lebow, FRI, ASA, ABR, SRES, IFAS is an active Realtor and highly regarded real estate authority in Canada, now in his 57th year in the profession. Throughout his career, Barry has received numerous accolades from various real estate associations for his exceptional work in the industry. With three recognized appraisal designations, he was an active appraiser for three decades. Barry’s expertise extends to providing expert testimony in approximately 600 trials across North America. Currently, he serves as an active broker at Forest Hill Real Estate Inc. Central, in Toronto. For more information or to get in touch with Barry, visit barrylebow.com.
