Updated over 5 years ago on . Most recent reply
Owner financing and the owner is getting close to passing
Hi all, what would you do in a situation where an owner is financing a property and the owner’s health is spiraling down hill? Let’s say there are 8 years left on a note before a balloon would be made due. The owner might not have that much long to live. Would you do an early pay out? Would you wait till he passes and the note goes to his heirs?
What have you experienced in this regard? Does anyone have any stories or experiences that would make them lean one way or another?