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Updated about 10 years ago on . Most recent reply

Jonathan Napper's profile image
Jonathan Napper's profile image
Jonathan Napper
  • from Louisville, Kentucky
  • Member since Aug 16, 2014
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78
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Jonathan Napper's profile image
Jonathan Napper's profile image
Jonathan Napper
  • from Louisville, Kentucky
  • Member since Aug 16, 2014
Connect
Jonathan Napper
  • Louisville, KY
2
Votes |
78
Posts
Private Lending & Conventional Mortgage Advice

Mix of Mortgage & Seller Financing

Jonathan Napper
  • Louisville, KY
Posted

Hey everybody, quick question.

If the seller is carrying 55% of the Note on a property and I am mortgaging the rest, how does the mortgage get secured? I cannot use the actuall property, correct?  If it fails, wouldnt the sellers loose their property?

Thanks

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