Seller Financing Concerns- How to Structure the Deal

[Nick D.]

I am trying to structure a seller financing deal and I want to find a solution to one of the seller’s concerns.

A concern his lawyer mentioned to him was the possibility of the seller having to foreclose in the event I did not perform on my payments which I understand since CT Foreclosures take up to 2 years to do. I have gotten some advice about doing the deal as a quit claim deed in escrow to avoid that concern on the seller. I wanted to ask everyone’s thoughts on how they structure Seller Financing deals , especially in states that take longer with the foreclosure process.

What do you do or add into your agreement to make the seller sleep easy at night. I am not worried on my end, but I understand the sellers concern, and I just want to find a solution that will legally enforce me to hold up my end of the agreement, and have it structured in the event that I didn’t, the seller can get the property back ASAP.