The Downside of Owner Financing – Disadvantages to Seller Financing

What's old is new again and the credit crisis, struggling economy, and real estate market are making seller financing the come back kid. Offering to owner finance a property can attract buyers and even save transactions as banks increasingly stamp "DECLINED" on mortgage applications.¬†¬†Before you agree to "Be the Bank" carefully consider the downside to providing creative financing. … [Read more...]