I agree that the return is great if the contract performs...

来源: jy101 于 2010-02-16 20:13:50 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (583 bytes)
本帖于 2010-02-17 12:58:30 时间, 由普通用户 laoyangdelp 编辑
回答: Different between land Contract and Seller Financing. 由 jy101 于 2010-02-16 16:53:52

I agree that the return is great if the contract performs...

the draw back are

1. underperformed contracts, there will be lengthy processes to go thru to get your property back.

2. possible liens can be attach to the properties since buyer has right to the title.

3. possible note be call by mortgage company, since you sold the property under contract for deed.

don't get me wrong, I bought many units under this setup, and it has been work out well for me, but the risks as the seller are definitely there, and should not be over looked.

所有跟帖： 

• and that is why I recommend a minimum down payment -jy101- ♂ 给 jy101 发送悄悄话 jy101 的博客首页 (51 bytes) () 02/16/2010 postreply 20:21:15

• I understood, but few buyer has the money -槑- ♀ 给 槑 发送悄悄话 槑 的博客首页 (0 bytes) () 02/16/2010 postreply 20:22:23

• thank, i will defintely keep your advice in mind -槑- ♀ 给 槑 发送悄悄话 槑 的博客首页 (509 bytes) () 02/16/2010 postreply 20:21:23

• that you should consult an attorney.....there can be big problem -jy101- ♂ 给 jy101 发送悄悄话 jy101 的博客首页 (426 bytes) () 02/16/2010 postreply 20:39:18

• thanks a lot for your advice which always helps -槑- ♀ 给 槑 发送悄悄话 槑 的博客首页 (0 bytes) () 02/16/2010 postreply 20:42:36

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