Risks of Taking Seller Financing on a House

Seller financing, also referred to as owner financing, means that the owner of a property serves as the buyer’s lender rather than taking out a mortgage loan from the bank. Like any home loan, the buyer will make payments every month, with specified terms and an interest rate. According to Note Investor, in 2018, there were over 91,600 of these types of loans publicly recorded, totaling nearly $26 billion, so it’s not as uncommon as you might think.  Continue reading