http://notequeen.com Basic introduction to owner financing and how it compares to a traditional transaction involving a bank loan. It shows how seller financ…
3 thoughts on “Understanding Owner Financing and Notes”
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In an “owner finacing” situation, does the title get transfered over to the buyer and the former owner go on as Mortgagee or does the home stay in the original homeowners name until full payment is made? If it’s the later, seems like there would be no tax benefit at all to the buyer, correct?
love how easy you explain it…..thanks.
thank you – you make it so easy