| It s time someone told the truth about today sreal estate market. Time someone ripped the lidoff the whole mortgage racket. Time you wereshown what s really happening--and what youcan do to protect yourself. Now there s A Consumer s Guide to theMortgage Maze: The Risks and Rewards ofCreative Real Estate Financing, Based on sixyears of research, it s comprehensive andauthoritative, yet easy to read and understand. You can t count on the real estate establish-ment to tell you what s best for you. You must armyourself with the knowledge of the full range ofalternatives available. And as for today s highlytouted "creative financing" techniques--many ofthem are too complex, too risky--as in the follow-ing cases: To avoid a due-on-sale clause prohibiting assumption of the existing mortgage, buyer and seller agree to transfer the property via a"land contract," The buyer then disappears, owing a pile of money to contractors and workmen he hired. The seller discovers to his shock that he is liable for these debts--since under a land |
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