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How does seller financing work?

Hello,

I am trying to buy a commercial property from someone that has the property "For Sale or Lease." Does anyone know how "Seller Financing" works? Any tips or experiences would be greatly appreciated :-)


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  1. saved_astronaut
    May 15th, 2010 at 19:05 | #1

    i’d just go talk2 the owner & ask them

  2. Suzi
    May 15th, 2010 at 19:05 | #2

    If a property has a "For Sale or Lease" that does not mean the seller is willing to seller finance it.

    Seller Financing is when a buyer signs a Note and Deed of Trust to the Seller. You pay them a monthly note with interest like you would a bank. The seller signs a Deed with Vendor’s Lien deeding you the property, but it has a lien against the property until paid.

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