Refinancing from Seller Financed

[Megan Phillips]

Hi all -

Are there hurdles to consider when refinancing from a seller financed loan to a conventional bank loan? 

Reasoning: There are no comps available so far for a property that I am interested in, I'm wondering about the option of seller financing (I don't even know if the property is owned or still mortgaged - I'm just considering possible options), but I'd like to refi in 2-4 years to a conventional loan, what should I be looking out for? 

General thoughts about seller financing also appreciated.

Megan

Vermont