Hello 10X – Here is my question:
Q: What is seller financing?
Thanks, Sam L, Newmarket NH
A: Hi Sam,
Seller financing is a loan provided by the seller of a property or business to the purchaser. When used in the context of residential real estate, it is also called “owner financing” where the owner of the property becomes the “bank” or “Lender”. The transfer is done through a title company.
By Noli Peterson, Chief Technology Officer at Unlocked Home Project, and contributing ‘Expert’ at 10X.
Email: [email protected]