Purchasing A Home Having Bad Credit Is Even Now A Possibility
Can you believe more than 55,000 homes in the United States have been purchased using owner financing this past year? With the excessive rate of home foreclosures, national financial problems, in conjunction with more stringent lending practices there are a lot less home buyers with good credit looking to buy a home or upgrading to a bigger home. Homeowners that wish to sell their home need to find other ways to recoup their loss funds and offering seller financing when trying to sell their home may be a very good option in our current market. Even though the risk of owner/seller financing is considerable and truly an act of trust, this is certainly an opportunity with the assistance of a knowledgeable real estate professional along with a real estate legal professional. Each persons, the seller and home buyer can sit down and negotiate a good contract that will work out for both parties. Many sellers concentrate on those property owners that experienced a home foreclosure due to ext