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Updated almost 14 years ago on . Most recent reply

Susan H.'s profile image
Susan H.'s profile image
Susan H.
  • from Georgia
  • Member since Oct 31, 2008
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Susan H.'s profile image
Susan H.'s profile image
Susan H.
  • from Georgia
  • Member since Oct 31, 2008
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Susan H.
  • Georgia
3
Votes |
25
Posts
Creative Real Estate Financing

Owner Financing but buyer won't give credit history, etc

Susan H.
  • Georgia
Posted

I'm selling my primary residence with owner financing (bond for title). I still have a mortgage on it of $174,000 plus equity line of $18,000. House $250,000, 2% down, 5 3/4% interest. My personal interest rate is 4.125%. THE BUYER HAS REFUSED TO GIVE ME CREDIT OR FINANCIAL HISTORY. Should I tell them to either prequalify or get lost?

Advise please!

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Bryan Hancock's profile image
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Bryan Hancock
  • #4 Off Topic Contributor
  • Investor
  • from Round Rock, Texas
  • Member since May 28, 2010
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Bryan Hancock's profile image
Bryan Hancock's profile image
Bryan Hancock
  • #4 Off Topic Contributor
  • Investor
  • from Round Rock, Texas
  • Member since May 28, 2010
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Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
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Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
Replied

I would tell them to take a hike if they outright refused. They are trying to hide something.

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