Legal Question in Real Estate Law in Florida

Owner financing

I purchased a house to fix up and sell by owner financing, I currently have a 30 year mortgage on property but would like to owner finance and want to know what would be the best way to do this?


Asked on 6/11/07, 10:00 pm

1 Answer from Attorneys
Johm Smith tom's

Re: Owner financing

The best way I know is to take a mortgage from the buyer, but you would have to either pay the first mortgage off or get consent to the sale from the holder of the first mortgage because you're putting them into the position of needing to check if the buyer qualifies and they don't want to be in that position.

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Answered on 6/12/07, 9:11 am


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