Updated about 12 years ago on . Most recent reply

Will a bank do a conventional loan on less than full home ownership?
Hi, if I sell a house on owner financing with a balloon, but the homeowner owns just 90-95% of the house (investor keeps the rest), will the bank have no problems loaning against the homeowner's equity share, or will this cause big complications?
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Traditional banks would not feel comfortable that in order to enforce their debt, they could only foreclose on 90%-95% of a house & then have to sue for the other percentage ownership.