seller financing when owner will carry: Seller Financing - When 'Owner Will Carry'
- 04/06/16 05:33 AM
YMMV o' course -- but in our Northwest Arizona real estate market, properties are frequently offered with, among other terms, OWC which means Owner Will Carry (also called Seller Carryback, Seller Financing or Land Contract). Owner financing can be a GREAT way to buy a property! No loan costs! Escrow length can be shortened because there is no lender involved. The seller is your bank. You can buy a property that a bank can't/wont finance (perhaps due to the age or type of the property, such as pre-HUD or singlewide mobilehomes, commercial property for a startup, properties with ‘issues' like repair (36 comments)