Seller Financing: An Idea Whose Time Has Come
Owner Financing/Seller Carry is one of the oldest and most trusted techniques in the country for selling real estate and businesses. It essentially means that you will act as the bank when the bank won’t.
It’s an idea whose time has come because of tighter lending qualifications and a slowing real estate market. Many buyers are in the penalty box due to the newly enacted Dodd Frank legislation or credit issues from the past real estate bust. The buyers have mattress money, but do not fit in the typical lending box.