Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 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
3,921
Votes
Brian Gibbons#5 Guru, Book, & Course Reviews Contributor
  • Investor
  • Sherman Oaks, CA
3,921
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

Loading replies...