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Updated over 3 years ago,

User Stats

17
Posts
9
Votes
Michael Grigorashenko
  • Ohio
9
Votes |
17
Posts

quick question about seller financing

Michael Grigorashenko
  • Ohio
Posted

I'm reading a book called investing in real estate with low and no money down. Btw phenomenal book, there's a question I have.   When using seller financing method to buy a house and the house has a unpaid mortgage. The bank can ask me (the buyer) to pay in full, the mortgage that the seller (previous owner) didn't pay off, or the price that me and the buyer agreed upon?

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