Do proceeds from owner financed home get reported to SSI
Hello,
I am currently working with a seller who owns her home free and clear. She wants to sell her house but she is nervous that once she sells the home the income will be reported to social security and the income she receives from SSI will be significantly reduced or taken away. I proposed the idea of selling the house to me via owner finance, and she seemed interested, so long as it did not impact her SSI benefits. Does anybody know if a sale that is done via owner finance gets reported in such a manner that it might impact social security income? I want to pursue this deal but only if it works for both of us and so long as I can give her reputable information. If folks don't have a solid answer to this question, can you please let me know who I should reach out to for further information.
Thanks everybody in advance! I have been scouring the internet for an answer and I finally thought to pose this question on BP. This is my first post and I am excited to hear what feedback I may receive. For reference the home is located in California.