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Updated almost 8 years ago on . Most recent reply

User Stats

39
Posts
8
Votes
Troy Norwood
  • Investor
  • Lehigh Acres, FL
8
Votes |
39
Posts

Seller Held Mortgage Seller Financing

Troy Norwood
  • Investor
  • Lehigh Acres, FL
Posted
Hey BP Fam, I'm hoping to get some input/guidance here concerning seller financing a piece of land. I am looking to seller finance a .5 acre lot. Is it necessary to find a someone to service this mortgage. I'm looking to sell it for about 11k, $3500 down and flat payments for 3 years. It seems like using a law office or real estate office to service will cut into my profit quite a bit. I consulted with my title agency and they will close but won't hold the mortgage. Basically I'm wondering if it's possible to write up some sort of agreement to bypass finding a servicer to facilitate this note that is on the smaller side. Thank you for reading and your time. Take care and be well

Most Popular Reply

User Stats

6,088
Posts
3,920
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Brian Gibbons#5 Guru, Book, & Course Reviews Contributor
  • Investor
  • Sherman Oaks, CA
3,920
Votes |
6,088
Posts
Brian Gibbons#5 Guru, Book, & Course Reviews Contributor
  • Investor
  • Sherman Oaks, CA
Replied

Checkout this Note Servicing Co

http://notecollection.com/forms

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