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re: Buying A Home With Owner Financing
Posted on 7/25/19 at 10:16 am to cave canem
Posted on 7/25/19 at 10:16 am to cave canem
So basically everything was done through the bank but the terms of the loan were negotiated with the seller? Can you give a little more information about this? I dont want to get a real estate lawyer involved until I know this is a viable option without much risk.
1
Posted on 7/25/19 at 9:42 pm to LSUDbrous90
Rather than me typing a novel and having you depend on anonymous advice simply google "serviced seller financing".
Your local bank may offer this as mine did, cost me around $15 per month as seller which I simply factored in.
Your local bank may offer this as mine did, cost me around $15 per month as seller which I simply factored in.
Posted on 7/26/19 at 6:30 am to LSUDbrous90
My parents did this in 1984 b/c to get a mortgage was nearly impossible. 15% rates if the bank would loan you the money. I don’t understand why it would be done in today’s ultra-low mortgage rate environment and easy access to lenders
Posted on 7/26/19 at 4:54 pm to LSUDbrous90
Log off TD. Contact an attorney/thread.
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