Asked in Home BuyingReal EstateReal Estate Buying and SellingReal Estate Investing
What does owner will carry real estate?
June 19, 2008 10:08PM
owner will provide 'seller financing" a purchase money mortgage. it could be either a 1st or 2nd mortgage. Seller is willing to provide some of the financing or all of it so conventional financing(banks) are not needed. You sign a promissory note with the seller an IOU a promise to pay.