If You’re Considering Privately Financing The Sale Of Your Home, Then You Need To Read This

As a buyer of private mortgage notes I continue to be surprised at not only the terms of many owner financed notes but the pretty loose way they were permitted to be created. And while I do understand how a anxious home (or commercial property) seller could readily fall into the ‘anything just to sell the property’ trap, many of these tips will not effect the sale but will still help protect your newly created financial asset – the private note.

Below are some basic steps you might want to want to consider when owner financing to 1) Create a more valuable and marketable private mortgage, should you ever need to sell your mortgage and 2) Do more to protect yourself from future financial loses.

By taking these steps when owner financing a home or commercial property sale, you dramatically lower your chances of a loss down the road.

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