General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
Owner financing advise?
i lived in Montgomery, al and had to move for job to TN. Every realtor told me I would have to bring 10 grand or more to closing table to get out of it. So I did owner financing with this couple, they had a 13,000 down payment, which our realtor said that was surprisingly high and that showed they are serious I bout wanting the home. Long story short they pay every month but are extremely late and are behind 4 months on late fees owed.
I have tried for weeks to try and get ahold of the tenets to give them a good offer for them to take the home under their own loan, but they are ignoring my calls. I think I should evict them, but I'm worried about the mortgage payment fully on me until I can get it sold.
Any advice??
Thanks!