Seller / Owner Financing

[Julio Velazquez]

Hello BP,

When it comes to Seller/Owner Financing how does this work when the seller/ owner still have a mortgage on the property? Do they pay the mortgage via your payments, Do you make the payments to the lender.. if the payments go to the seller how can you protect yourself in the event that the seller stops making the payments to the mortgage and you don't lose the property?

Thanks in advance.