I want to make money off from this house and property. what do I do?
2007-11-23 09:35:45 · 2 answers · asked by chance77 1 in Business & Finance ➔ Renting & Real Estate
Do you REALLY want to owner finance ? You know what types of buyers you will attract. It will be those who can't get their own financing, based upon their credit situations. Always remember that you will be in the same situation a lender finds themselves in if such a buyer defaults. You will end up foreclosing, and the place may not be in the same shape it was in when you sold it.
If you still elect this route, insure that you have a qualified real estate attorney to prepare any 'lending documents' for you, such that you are properly covered should a default arise.
2007-11-23 11:55:12 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
A real estate attorney.
2007-11-23 19:04:49 · answer #2 · answered by godged 7 · 0⤊ 0⤋