Seller financing is when a seller becomes the bank by acting as a lender to finance all or a portion of the sales price on a particular property. In a seller financing scenario cash is given from the buyer
One thought on “What is Seller Financing?”
Leave a Reply
You must be logged in to post a comment.
Thank you, Terry. This was helpful. I was not aware of the requirement that the mortgage loan originator will need to sign off on seller financed loans after the Dodd Frank becomes fully implemented.