FS:House in Grand Is.Owner hold mortgage.GREAT deal for the right person

[eclipsed]

@misteroman$$$

to me there is no risk at all.If you stop paying me I take the house back and keep your deposit.The incentive I have as it makes it a faster transaction with less hassles.(oh I couldn’t get approved,my credit won’t be better for 2 months, the bank wants master bathroom finished,etc…)
I know I should post some pics up and will prob have JGT stop over this week and snap a few.
D

as long as the transaction is structured properly by you attorney(s), then that makes sense to me.

@kingsario

alot of people hold mortgages when they sell. Business do it aaaaaaaaaal the time. There isn’t anything sketchy about it. Kinda like lease to own.

yes, businesses do it all the time. however, i would venture to guess that there is only a small percentage of residential real estate transactions that have the previous owner holding the mortgage.