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Updated almost 5 years ago,
Defaulting on Seller Finance
When negotiating a Seller Finance deal, can you insert a clause that states: Should I be unable to pay 3 months of the mortgage, you get the property back?
Is it more common to go for 6 months or maybe even 1 month?
I’ve never done Seller Financing but am trying to piece this all together.
Thanks for your help.