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Owner Financing

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Owner financing, also known as seller financing, takes place when a borrower finances the purchase of a home through the seller – bypassing conventional mortgage lenders and financial institutions.

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Pending Home Sales

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The total number of homes that went pending in San Diego following the contingency period. A sales is considered “pending” if all contingencies have been met and the buyer and seller are moving toward closing.

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Per Diem

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Per diem or “per day” fees are charged if a loan isn’t approved by the date the loan was scheduled to be completed. These charges are payable to the lender during closing.

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