Installment Sales
Definition of "Installment sales"
- A way to sell and finance property by which the seller keeps title but the buyer takes possession while installment payments are being made. The gain is taxed while the mortgage principal is collected.
- A sale of real estate involving periodic cash receipts. This is different from an immediate cash sale.
- Transaction with a predetermined contract price in which payments are made on an installment basis over a period of time.
Popular Real Estate Terms
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Literature, samples, equipment, tools, and other useful information that real estate brokers or agents can use for demonstration purposes to prospective buyers. ...
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Foreclosure sale enable in those states permitting the use of a power of sale clause to be inserted into a mortgage or deed of trust empowering the mortgagee to advertise and sell a ...
Interest deductible for taxes paid by the taxpayer. It is an itemized deduction on Form (individuals) or Form 1040 (individuals) or Form 1120 (corporations). An example is interest paid on ...
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