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Sure. It may have to be disclosed in some of the closing or mortgage documents, but it is fairly common. Frequently done in various financing arrangements where owner financing is being done. There are certainly many possible hazards in any advanced or complex financing - especially when your selling the property and remaining liable for the loan that the buyer is getting, all linked to the house you won't be owning. Yes, you'll get the money from the loan, but, if he doesn't make payments, you could NOT own or occupy the property (or even have a lot of recourse), but be responsible for paying for it.
What else can I help you with?
Does the seller pay the buyer's agent when selling a home by owner?
In most cases, the seller does not pay the buyer's agent when selling a home by owner. The buyer's agent typically receives their commission from the seller's agent or directly from the buyer.
Is a purchase order a buyer or a seller?
A purchase order is issued from a buyer to a seller.
Does the buyer or the seller pay?
The buyer pays.
Who issues performance bond first seller or buyer?
Buyer is the one who is purchasing the goods from the seller...hence..the buyer must issue a non-operative PB to the seller...and the seller will issue an operative PB to activate the PB.
What are some benefits of an owner financed home?
When the seller of a home pays for the building for the buyer and the buyer then makes payments to the seller, it is called 'owner financing'. This can benefit both the buyer and the seller. The buyer can purchase homes they normally could not due to low or bad credit, and the process is generally more flexible than when a professional is involved. Sellers get more money in the end thanks to interest and may be able to sell a property more quickly if they offer this option.
Does the seller pay the buyer's agent when selling a home by owner?
In most cases, the seller does not pay the buyer's agent when selling a home by owner. The buyer's agent typically receives their commission from the seller's agent or directly from the buyer.
Who pays export tax the seller or buyer?
The seller. The seller is shipping it to the buyer, not vice versa.
What is a buyer and seller of goods called?
Buyer is a consumer Seller is a Distributor
Is a purchase order a buyer or a seller?
A purchase order is issued from a buyer to a seller.
Does the seller of a home have to notify the buyer if offer was denied?
Only if the owner is acting as the agent, otherwise the agent can notify the buyer.
What are the 2 people called in a deed?
The seller is called the grantor. The buyer is called the grantee.The seller is called the grantor. The buyer is called the grantee.The seller is called the grantor. The buyer is called the grantee.The seller is called the grantor. The buyer is called the grantee.
What does seller issues POP to buyer mean?
seller issues POP to buyer mean
Does the buyer or the seller pay?
The buyer pays.
Do home inspectors work for the seller or the buyer?
they work for themselves. they are impartial in the buying process.
What are implications for home buyer if seller collected claim for a new roof but did not repair it?
no implications
Are invoices issued by buyer or seller?
seller
Who registers a car when buying the buyer or the seller?
The buyer does, seller can sell without registration on it, it is up to the new buyer if he/she wants to register it.
