Updated about 3 years ago on . Most recent reply
Best way to transfer title - is this owner financing?
I have received an exciting assignment for work in Europe and can't be in my current house regularly during that time. My daughter is ready to take it over but would like to get on title and then pay the mortgage. I see it as a version of owner financing and it would potentially allow her to build equity while I am gone, maybe even keep it as I don't need such a large house anymore.
I asked real estate agents but they seem to be unfamiliar with owner financing or the necessary real estate contract. Can the BP community help?