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Updated about 2 years ago, 10/08/2022
Selling a Seller Financed Deal
Hey guys!
I've got a deal I'm going to have the seller finance 100% of at a 1% interest rate. Assuming this deal closes, what will happen when I want to sell the house? How does this work with the mortgage on the home still being under the seller? Im assuming I would go to the closing table- but then organize something with the title company that sends the proceeds to the original owner's account (The guy I bought from)?
Thanks,
Joe S.