Seller Financing, Too Big of a Risk?
The current state of the economy has certainly led to some notable changes in every aspect of our lives. With the large amount of layoffs and bankruptcy we have seen in the last year, many people are finding it more and more difficult to finance their mortgage. One solution that people are turning to is seller financing. There are many questions surrounding this “resolution”, and some of these questions are hard to get answered. With so much uncertainty, many tend to pass on the deals. How can you decide if you should lend?