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What is Owner Financing?
Owner financing, also known as seller financing, is a real estate transaction where the seller acts as the lender. Instead of the buyer obtaining a traditional mortgage from a bank, the buyer makes direct payments to the seller according to the agreed-upon terms. This arrangement can simplify the buying process and offer flexibility in terms.
Published: Jul 11, 2024
Updated: Aug 20, 2024
This FAQ is for informational purposes only and does not constitute legal advice. We make no representations or warranties about this FAQ's completeness, accuracy, reliability, or suitability. Each legal situation is unique; consult an attorney for personalized guidance.