Electronic copy (4.2MB PDF) of the original print edition of "No Down! No New Loan!" available for free download.
A Realtor's(R) and layman's explanation of the PACTrust(tm) for simple, safe and legal title-shielding in "seller-carries (seller-assisted financing)," without undue compromise of a lender's "due-on-sale" clause. This short and easy-to-read book is pertinent to ALL seller-assisted financing arrangements and non-traditional RE sales or purchases (lease options, purchase options, equity shares, wraps, contracts for deed, subject-to's, etc.). Learn how to achieve maximum protection through: 1) vesting the property with a land trust trustee; 2) naming a "remainder (co) beneficiary in the trust;" and 3) leasing the property to that same co-beneficiary via a triple-net occupancy agreement: thus enabling a silent conveyance of all the benefits of homeownership, including income tax write-off, appreciation and principal reduction. All without an outright sale or title transfer, or jeopardy to the property re. the potential for either party's future personal or legal problems.