Mortgage Refinance, Low Interest Mortgage Broker, Commercial Mortgages

		Mortgage Refinance, Low Interest Mortgage Broker, Commercial Mortgages > Mortgage and Loans Forum > Mortgage Problems and Solutions
Question about owner financing

Question about owner financing

This is a discussion on Question about owner financing within the Mortgage Problems and Solutions forums, part of the Mortgage and Loans Forum category; Hi, We are renting property, and the tenants want to purchase the property, with owner financing. We haven't checked their ...

LinkBack

Thread Tools

Display Modes

#1 (permalink)

08-07-2008, 03:23 AM

Administrator Administrator is offline

Administrator

Join Date: Oct 2007

Posts: 42,639

Question about owner financing

Hi, We are renting property, and the tenants want to purchase the property, with owner financing. We haven't checked their credit report yet...but was wondering, If they happen to bankrupt, would we lose the property, or could we take it back? And...what is a good interest rate...the banks wanted 9.0% apparently their credit isnt the best....so just wondering what a good rate would be. Thanks much..... And we are getting a lawyer to write the agreement, but just wanting some information....thanks

To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.

(Source: mortgagefit.com)

Tags

financing, owner, question

« FHA Mortgages For Home Buyers With Credit Problems | quit claim deed »

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are On Pingbacks are On Refbacks are On

All times are GMT. The time now is 04:51 AM.

Home :: Register :: Members :: Statistics :: Rules :: Help :: Contact :: Advertise