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Updated almost 5 years ago on . Most recent reply

User Stats

60
Posts
12
Votes
Chris Igard
  • San Antonio, TX
12
Votes |
60
Posts

Seller financing buyer refinance

Chris Igard
  • San Antonio, TX
Posted

I’m in year 2 of my seller financed home it has a 5 year note with a balloon. The owner wants to refinance the rate. My attorney is out until monday. Are they responsible for the balloon or the current mortgage amount? I’d like to offer to buy the home back from them and give the down payment back.

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