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re: Buying A Home With Owner Financing

Posted on 7/24/19 at 9:55 am to
Posted by NYCAuburn
TD Platinum Membership/SECr Sheriff
Member since Feb 2011
57002 posts
Posted on 7/24/19 at 9:55 am to
quote:

Exactly lol. The agent is a longtime friend of his and let us know that his only family is a nephew who lives in Baton Rouge. He recently gave two million to his alma maters so he has a lot of money but I have no idea how his estate is setup.



You can bet someone[heir or entity receiving his estate] will be looking to settle and collect once he passes. I'd just make sure you are ironclad on the length of the loan and cant be forced to settle once he passes

Posted by ItNeverRains
37069
Member since Oct 2007
25916 posts
Posted on 7/24/19 at 10:47 am to
quote:

You can bet someone[heir or entity receiving his estate] will be looking to settle and collect once he passes. I'd just make sure you are ironclad on the length of the loan and cant be forced to settle once he passes


Think of what greed does to people. I'd get a mortgage from a lender.
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