Updated over 7 years ago on . Most recent reply
why would an owner take 2nd position when offering seller finance
why would an owner take 2nd position when offering seller finance?
owner is offering to seller finance a property he owns.
buyer wants the property but wants owner's mortgage to him to be in 2nd position to his (private money) down payment
why would a seller risk the chance to foreclose if payments are missed by taking 2nd position to the private money lender?
signed, perplexed in Poughkeepsie... :)