Creative financing and sub2
I am trying to understand what would convince a seller to accept a sub2 agreement aside from being offered more money for property and favorable terms? If I understand correctly, a deed is transferred to buyer, but the mortgage note remains under seller’s name, which means if buyer defaults on making payments, the sellers credit history is effected. Thus I am trying to understand the benefits for the seller aside from above. It definitely seems like a good strategy. Please provide insig