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Updated over 13 years ago,

Roc P.'s profile image
Roc P.'s profile image
Roc P.
  • from Philly Area, Pennsylvania
  • Member since Jan 7, 2008
Connect

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297
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26
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Roc P.'s profile image
Roc P.'s profile image
Roc P.
  • from Philly Area, Pennsylvania
  • Member since Jan 7, 2008
Connect
Roc P.
  • Philly Area, PA
26
Votes |
297
Posts
Buying & Selling Real Estate

Owner financing deal

Roc P.
  • Philly Area, PA
Posted

I'm talking to a lady who would like me to buy her house. I think she is open to owner financing since she needs this to go through.

My question is the house in question has a payoff figure of $109,000. Could I go to a back and get the mortgage for the amount, and have the seller carrying the required 20% down as a second mortgage? Thanks

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