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Updated over 8 years ago on . Most recent reply
Ower financing Vs Lease Option
Dear BP,
Could someone explain the difference between Owner Financing and Lease Option, Or is it the same thing? Thanks in advance.
Most Popular Reply
Brian Gibbons
#5 Guru, Book, & Course Reviews Contributor
#5 Guru, Book, & Course Reviews Contributor
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- Sherman Oaks, CA
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Brian Gibbons#5 Guru, Book, & Course Reviews Contributor
#5 Guru, Book, & Course Reviews Contributor
- Investor
- Sherman Oaks, CA
In NV
sell on lease w option, no title exchange, landlord tenant relationship
sell on seller financing
1. free and clear house, note plus mortgage or note plus DOT, title transfers, if default need to foreclose
2. existing first mortgage, sell on a wrap or installment sales contract, due on sale issue, title transfers, if default need to foreclose
Hope that helps