The value to the buyer can add up to a very sizeable amount of money; typically pays the up-front lender fee to lower the interest rate, which results in accumulating paid interest savings for the buyer as long as the buyer owns the property, or for the life of the loan; may add up to many tens of thousands of dollars; make sure you check the fine print of the lender's loan lock provisions; be sure your seller's money is truly paying down the loan rate as opposed to paying other lender charges to the buyer.  3.Seller-Funded Temporary BuydownsBuydowns can also be structured to adjust the buyer-paid interest rate for a limited number of years; can cover the first two, three or four years or more of the buyer's loan; allows your seller to reduce the buyer's ongoing loan cost (monthly payment) considerably.4.Owner FinancingA willing seller may be able to keep their selling price intact by offering financing to a buyer; for a seller who needs to sell as soon as possible for the best possible price; expands the potential market for buyers to those who might not qualify with a lender for any number of reasons relating to their credit, verifiable income, or other issues; seller creates an 'investment" that can produce an annuity with a very good rate of return for many years; seller needs to become very well educated on how to qualify a potential buyer (how to get credit, income, debt ratio, and other accurate personal historical data on the buyer-and how to verify that data); seller needs legal advice to review contract documents, as well as title and escrow services to conduct a title search and closing; buyers attracted to seller financing may have income sources including part- time work, bonus income, royalty income, dividend and interest income from investments, or they may be newly self employed; seller who finances needs to get a substantial down payment and ensure that the property is adequately insured by the buyer and that initial property taxes are pre-paid and a tax payment plan is established; if the buyer stops paying, the seller will have to proceed like a bank or other lender and foreclose on the buyer. 5.Contract for DeedA contract for deed agreement to purchase is similar to a seller-financed purchase.

This is a temporary situation and people still need housing no matter what the economy is doing.

I hear you, but its just a temporary side hustle during the quarantine, no risk of total loss for me.

Unless they NEED to sell NOW, Coronavirus is a temporary issue. 

In temporary closures after major hurricanes, you could return with an out of state DL and a copy of your Dare county property tax bill showing that out of state address.

What are we going through right now is temporary and won't last forever.

But rental and sale listings go on... with some obvious changes that will, in the long term, look temporary.

Hopefully this is all just temporary and things go back to normal by the end of summer

Although a large amount of these layoffs should be temporary this doesn't matter to a loan underwriter.

What if you found a new tenant and they immediately lost their job due to the economy and couldn't pay and were granted temporary immunity from the default?