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Updated over 9 years ago,
Owner Financing
Can someone give me some insight into seller financed deals as far as loan servicing goes? Do seller financed deals get serviced through a bank or another financial institution? I am curious how payments on an owner financed sale will show on credit reports.
I ask because I am negotiating an owner financed sale, and will purchase the property through an LLC. I would like to build credit with the LLC to reefinance in the future. Thanks!