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Updated over 5 years ago,

Gary C Jones's profile image
Gary C Jones's profile image
Gary C Jones
  • from Coweta, OK
  • Member since Aug 10, 2016
Connect

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56
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Gary C Jones's profile image
Gary C Jones's profile image
Gary C Jones
  • from Coweta, OK
  • Member since Aug 10, 2016
Connect
Gary C Jones
  • Coweta, OK
12
Votes |
56
Posts
Innovative Strategies

OWNER FINANCING CONTRACT QUESTION - WHAT HAPPENS IF OWNER PASSES?

Gary C Jones
  • Coweta, OK
Posted

If I were to acquire a property using owner financing for example:  Purchase single family home from owner for $100k.  $5k down payment and zero interest monthly payments for remaining balance of $95k @ $527/month for 180 months.  My question is, what happens if (God forbid), after 60 months, the owner passes away?  

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