Seller Financing & Lease Option

[Account Closed]

Hello all, 

For seller financing, everywhere you hear that seller financing's main risk is if the buyer defaults. But if this happens, can't you take the house back because you would've had a lien on it anyway?

For lease option, since you agree to a predetermined price earlier, can't you wait for the market to go up, and then buy at the cheaper pre determined price, assuming real estate does go up in price?

[Brian Gibbons]

@Account Closed

Every state is different regarding foreclosure laws and redemption laws and repossession laws

Seller financing whenyou're  financing somebody living in the property Dodd Frank lawis in play, and the CFPB enforces those laws

The best way to learn about it is to see an RMLO registered mortgage loan originator

They understand Dodd Frank, SAFE Act, RESPA, and TILA

Are you presuming regarding your second question that properties are always going to appreciate? 

If you want to buy on a lease option, you can get the option price based on a new appraisal today, and pray that you get appreciation

Are These questions are all subjective?

Are you trying to actually do something in the real world?