I wrote about the above subject two or three days ago. Some comments from readers led me to believe not all understood how it worked. The one I am most familiar with is adding the buyer with the owners name. This can be recorded or not. We allow about fifteen months before the buyer gets financing to actually buy the property. The reason for this is, it takes thirteen months before they consider it seasoned funds. Once the buyer actually does this then it is his or hers. The seller then receives their money. Basically the buyer is renting the property from you to do as he wishes. If he defaults then the property comes back to you without having to foreclose etc. With this difficult market you will have to find other ways to sell property than the usual way.
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