How Wise Is It To Sell A Home As Owner Financed?

By Author: How Wise Is It To Sell A Home As Owner Financed?
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Buying Homes Owner Financed, or Seller Financed is not new, however 99% of the population has no ideas the millions of way an owner financed deal can be structured.
As a result, buyers must be aware that they will often be unable to obtain clear title to foreclosed homes as the previous owner will likely be afforded the opportunity to pay off the original promissory note and reclaim the property.
I guarantee there are millions of people in this country who would love to sell their homes and be receiving a steady, consistent 5% monthly interest payment, while watching their principal be solidly protected by a piece of residential real estate.
In order to protect themselves, some homeowners require that the buyer make their monthly payments into an escrow account held by a bank or other lending institution, and they require the borrower to place a Quit Claim Deed into the escrow account with instructions that if a payment is late by a certain number of days then the escrow officer will automatically file the Quit Claim Deed, restoring the house to the former owner instantly.
If a seller opts to offer ...
... financing but decides to keep title of the property, a buyer runs the risk of possibly not receiving that title even if the loan is paid off if the seller is one who is one who takes part in unethical and fraudulent business practices - seller financing. For more information, please visit our website http://anyhomeownerfinancing.com/