Owner Carry Options

Owner carry can allow a down payment with a balloon to the buyer....(limitation to the owner carry...where the buyer obtains bank financing within 2 years)....The buyer makes the payments to the Title company...The title company will divide the payment -- pay the TAX payment and INSURANCE payment for the seller -- send the seller the remainder ...If the seller has a current loan on the property...The Seller may ask their current lien holder if they are allowed to sell as owner carry. Owner Carry options in today's market can be a great thing...always consult an attorney to best understand your rights and limitations.