If a seller is a foreign individual or corporation, buyers are required to withhold, report, and transmit to the IRS 10 percent of the total purchase price of real property.
In 2003 California amended its real property tax law such that 3.33% of the property SALE price must be withheld buy the buyer.
Some types of loans.....
Seller financing is a financing where the seller loans funds to the buyer.
Private Mortgage Insurance (PMI) is insurance designed to protect the lender in case the borrower can not repay the loan. The insurance premiums are paid by the borro