Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago,
Owner financing / seller carry question
Hello,
So we sold one of our properties via seller carry terms for 5 years, it was free & clear (there are no loans on it). So now the deed is in the new owner/buyer's name, we have a note for the balance that he pays us, all great so far.
BUT, what if we want to get our money out of this property sooner? do we have any way of doing that? do we have any right to go to a bank and get a loan against this note that we have?
Thank you