Who can reffer me to 100% seller Financing?
Im looking for someone that can help me with 100% seller Finance can you please reffer me to a company that does seller financing anywhere in the united For Apartment?
Im looking for someone that can help me with 100% seller Finance can you please reffer me to a company that does seller financing anywhere in the united For Apartment?
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Seller financing? That means the seller would agree to finance. How can a company do seller financing?
You might be asking a little to much here. Seller carried financing is when a seller will take a note on a property they own and wish to sell to you. In essense, they would be the bank or lender holding the mortgage. In other words, they are agreeing to be paid in payments over time rather than take a large lump sum now.
The problem with your request is you are asking a seller to take payments on a house they own for 100% of the value or sale price (if I am understanding you correctly). So it will probably take them 10 years just to get the money they want. Would you do that? I wouldn’t. I would much rather work with a buyer that had some down payment and a loan from the bank. At least then I would get a majority (like 80% to 90%) of the sale price at closing and take payments on the 10% – 20% left over in the form of a 2nd mortgage.
I have a friend that did sell a property under the terms you are requesting but that was a few acres of scrub brush he has been trying to get rid of for 15 years.
Now its not impossible to find a seller that will do what you are asking but its also not impossible to win the lottery. I think your chances will be about the same though.
Good luck.
The only people that need seller financing are those that cannot get a loan on their own. If the bank won’t lend to them, neither would
A SELLER DOESN’T OFFER financing through a COMPANY, that is why they call it S-E-L-L-E-R FINANCING.
Get it??????
I know of a lady that sold a property for no money down and carried the note. It is a run down 2 beroom home in Bowie AZ with 1 1/2 acres, she got it free and clear from her deceased mother, she tried renting it and was in in the process of cleaning it up wen a couple drove by and asked her if she wud sell it. She sold it to them for $50,000 and the first payment on the note was due the following month. This was in some god awful small hot town in the middle of nowhere. Now Im negotiating to buy that note for around $25,000. But realisticaly u will need a down payment and most sellers will check your credit score.