What happens if buyer cant pay / Seller financing

[Timothy Albright]

 Quick question about seller financing. 

 Let’s say the property is free and clear nothing owed, owner decides to seller finance, at some point the buyer stops paying for property. 

 Would this property go into foreclosure? Does the property automatically go back to the original owner that is providing the financing?

[Steve Vaughan]

What state is this in?  Different states have different methods of conveyance like land contracts, contracts for deed or hybrids that still put title in your name that better protect the seller. 

I sold several with SF.  After a default of 90 days, I get the property back with a simple notice of forfeiture.  Do more research on your states' options.