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Updated about 10 years ago,

User Stats

105
Posts
19
Votes
Inderpal Chadha
  • Investor
  • Sammamish, WA
19
Votes |
105
Posts

Selling with Owner Financing

Inderpal Chadha
  • Investor
  • Sammamish, WA
Posted

Hello

This question is about structuring a specific deal. We have a house in Mt.Baker Seattle area which we have remodeled and is worth $650,000. We have a buyer whose credit has been damaged by the bank and they have won the litigation but credit will still take 5 years to fix. Both husband and wife have combined income of $400,000 a year and are willing to pay 20% down and need owner financing for next five years.  My partner is not willing to carry the mortgage for his personal reasons. I would appreciate if any one can point us to how we can help the buyer to get financing and help us sell the property.

Thanks

Inder

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