re: Owner financing

Owner financing can command a higher sales price. If the market under traditional financing doesn't support the requested price, owner financing might. Becasuse people who need owner financing have few options, they are willing to pay more. Plus you can charge a higher rate of interest, etc.

The bank wouldn't care if the bond for deed was a second. And, I don't think it's possible to go prime over the mortgage. But, the bank's concern is that the whole situation may mean at some point, the mortgagee stops paying the mortgage. usually because the bond for deed / owner financing blows up.