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121
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13
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Eduardo Slesaransky
  • Wholesaler
  • Santa Monica, CA
13
Votes |
121
Posts

Seller Financing. Can buyer renovate property before payoff?

Eduardo Slesaransky
  • Wholesaler
  • Santa Monica, CA
Posted

Is it possible in a seller financed transaction, for the buyer to start renovating the property or even do a tear down before the terms of the purchase agreement have been completed (seller totally paid off)?

A- If YES, what recourse does the seller have, if buyer defaults, besides foreclosing?

B- If NO, how can a flipper start working on the deal ASAP?

(It may have been asked before on another forum, if so my apologies.)

Thank you

Eduardo

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