Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

11
Posts
4
Votes
Isaac Jordan
  • Realtor
  • Atlanta, GA
4
Votes |
11
Posts

Owner's Financing & Loan Servicing Companies

Isaac Jordan
  • Realtor
  • Atlanta, GA
Posted

Good evening All,


I have a property that I am looking to sell by offering owner's financing.
The remaining mortgage balance will be paid at closing by the buyer and the remainder that we've agreed will be offered as owner finance. Terms: 25% Down Payment Wired To Seller At Closing | 3 Year Term at 6% Interest Amortized | First Payment Due 04/01/2023 | No Prepayment Penalty

I've read on some threads but most date back 10 years and in different areas and most of my research has shown various pricing and/or will only service large portfolios. My main goal are to ensure that I have proper reporting in the event of a default to ensure I have no legal issues regain possession, and of course have an advocate to collect payment. 

I'm located in Atlanta, Georgia. Interested to hear your thoughts as well as any recommendations. Thank you in advance. 

-Isaac

Loading replies...