Owner Financing - Posted by melissa

import · October 21, 2003, 2:05pm

Posted by Terry(IN) on October 22, 2003 at 08:05:06:

Email me offline.

import · October 21, 2003, 2:05pm

Posted by melissa on October 21, 2003 at 14:05:30:

Can you do owner financing on your home if you still have a mortgage on it?

import · October 21, 2003, 2:21pm

Re: Owner Financing - Posted by Randy (SD)

Posted by Randy (SD) on October 21, 2003 at 14:21:50:

Yes it’s called a wrap. You wrap your existing financing into a seller financed note (CFD). For example your mortgage is $80k @ 7% Pmt $ 532. You sell it for $100k at 9% interest payment $804. The deed remains in your name until the buyer pays off your CFD by selling or refinancing. Done every day?

import · October 21, 2003, 4:08pm

OR - Posted by Terry (IN)

Posted by Terry (IN) on October 21, 2003 at 16:08:12:

Or you can sell your owner-financed note at closing, pay off your mortgage and be out of the loop.

import · October 21, 2003, 10:58pm

Re: OR - Posted by melissa

Posted by melissa on October 21, 2003 at 22:58:03:

Thanks guys! Where do I find note buyers?