creative financing: Advantages of Seller Carry-back Financing
- 05/27/11 12:55 PM
In today's market it is often times difficult to get financing, particularly on high end properties. I am a Realtor who specializes in beach front property in South Orange County, Capistrano Beach to be more specific. There is one way to get around lending constraints and that is a real estate transaction structured with Seller Carry-back Financing. Seller Carry-back financing is when a homeowner takes a portion of their equity and uses it to act as a second lender. Seller Carry-back Financing typically only happens in 1-2% of real estate transactions. However, I work specifically with an area in which 15-20% … (2 comments)
In today's market it is often times difficult to get financing, particularly on high end properties. I am a Realtor who specializes in beach front property in South Orange County, Capistrano Beach to be more specific. There is one way to get around lending constraints and that is a real estate transaction structured with Seller Carry-back Financing. Seller Carry-back financing is when a homeowner takes a portion of their equity and uses it to act as a second lender.
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