If you are having trouble getting the banks to finance your loan, you might consider asking the Owner to be your Mortgage Lender. Not all Sellers will be willing to take on being the financier, but with the banks not loaning the way they did a couple years ago, we are finding this practice more widley used. Sellers are having a rough time finding Buyers and Buyers are having a hard time finding financing. Owner Will Carry is not an option on all sales, but can be a win-win situation for those that accept. Seller financed mortgages can come in several formats with all terms negotiable between both parties( Buyer & Seller). The best Seller-Financing comes with properties that are paid for and have no encumbrences. The Seller simply accepts a note (a legal binding contract) from a qual...
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