Homes with owner financing


Owner financing is when the owner of the house sells it to the buyer and finances the purchase for the buyer as a bank. The buyer becomes the owner of the house and makes payments to the seller.

 

If the home owner can find a buyer for the property for an amount lower than what remains on the loan, the lender will have the option of approving the sale and forgiving the difference, approving the short sale and demanding the difference of the loan, or refusing to approve the sale and allowing the house to fall into full foreclosure status, public auction and all - owner financing.

A typical contract balloon term is a minimum of two - three years, since 24 months is a key number for most lenders to see that you have been making on time payments on this property before lending on the buyers purchase/refinance of the owner financed contract.

You should not only use the conventional methods of marketing and advertising your for sale by owner property but also the latest communications techniques so that large audience see your house and large number of perspective buyers visit you for negotiation - homes with owner financing. For more information, please visit our website http://anyhomeownerfinancing.com/

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