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re: Profit or Pitfalls of Seller Financed Home Sale

Posted on 12/5/17 at 1:36 am to
Posted by ynlvr
Rocket City
Member since Feb 2009
4598 posts
Posted on 12/5/17 at 1:36 am to
Ugh! This is what concerns me. Some people are just not homeowner material.
Posted by reverendotis
the jawbone of an arse
Member since Nov 2007
4867 posts
Posted on 12/5/17 at 2:49 am to
If a bank whose basic organizing principle is lending money won't lend them money...
Posted by baldona
Florida
Member since Feb 2016
20543 posts
Posted on 12/5/17 at 7:41 am to
The 5 to 10 amortization is what's throwing me off. Either they have absolutely no idea what they are talking about, they are a scammer, or they are some type of real estate investor that can only get another loan through seller financing but in that case it makes no sense for them to pay full value.

So I'm guessing once you meet these people or find out more information, you'll find it makes no sense to do this.
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