Updated over 7 years ago on . Most recent reply
Reclaiming (?) a property sold on a note. How tough is it?
I'm curious about selling a property I own outright "on a note" IE- keeping banks out of it and selling with 100% owner financing. My biggest reservation is what happens in the event of a default? What are the steps necessary to reclaim ownership? Have I signed over the title after the downpayment or do I retain title until the note is fully paid? Any info is appreciated. Thank you!