Illinois Special Bond for Sale or Mortgage of Real Estate is a type of financing used to purchase or refinance real estate in the state of Illinois. These bonds are typically sold to investors and are secured by the real estate in question, usually in the form of a first trust deed. The bond is then paid back over time, usually with a fixed interest rate. The proceeds of the bond are used to fund the purchase or refinance of the real estate. There are two types of Illinois Special Bond for Sale or Mortgage of Real Estate: Single Bond and Multiple Bond. A Single Bond is secured by a single real estate property, while a Multiple Bond is secured by multiple properties. Both types of bonds can be used to purchase or refinance real estate in the state of Illinois.
Illinois Special Bond For Sale Or Mortgage Of Real Estate
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