Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Seller Financed Loan Servicing
We are considering selling a home to a tenant of many years. She is also the daughter of a family friend. I realize that causes problems right there. We have talked as a group and believe that a loan services is the best way to proceed. We were wondering what estimated costs would be? The property is worth 150k and she can put 10% down. We don’t want to end with hard feelings so need significant distance between us and them. Her credit was destroyed in 2017-2018 and she has not held her current job for two years yet. She has a discharged bankruptcy from her husband’s failed business 18 months ago. We must sell the home.