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Updated over 8 years ago,
Seller Financing and how to determine if a deal checks out?
Good morning to the BP community!
I have a deal from a motivated seller that was transferred out of the state for work. He claims to be in good standing and owns the house outright, which puts me in a solid position to structure a seller financing deal. Before moving forward with putting any contractual agreements in place, I want to ensure the house is truly owned outright and there are no current liens on the house.
This is my first time through the investment real estate process and I am looking for any advice on simple ways to ensure the claims of the current owner check out and that I truly do have a deal here.
Any advice and time is appreciated.
Best,
Adam Kinley