Monroe, LA · Member since 2018 · 12 posts · 1 vote
I am currently working on my first seller finance deal and I'm trying to figure out some creative ways for an exit strategy. A thought came to mind and I couldn't find an answer anywhere. Would it be possible to assign a seller finance addendum??? I am curious to know.
Specialist · Paradise Valley, AZ · Member since 2018 · 3k+ posts · 2k+ votes
8y
Originally posted by @Account Closed:
I am currently working on my first seller finance deal and I'm trying to figure out some creative ways for an exit strategy. A thought came to mind and I couldn't find an answer anywhere. Would it be possible to assign a seller finance addendum??? I am curious to know.
There is a way to do that, you will need to have the seller's written approval in advance, among other things. If there is financing on the property it is their credit that is at risk, if there is no financing it is still their free & clear property that is at risk.