All Forum Posts by: Caleb Metzger
Caleb Metzger has started 1 posts and replied 2 times.
Post: Owner financing, quit claim deed

Caleb MetzgerPosted
- Tooele, UT
- Posts 2
- Votes 0
Thanks. My desire is to sell completely in 5 years or less so I did talk about an interest rate escalation of 1% every 2 years for the first 6 years
Post: Owner financing, quit claim deed

Caleb MetzgerPosted
- Tooele, UT
- Posts 2
- Votes 0
I have been looking to sell a house that I own free and clear. An investing friend has offered to buy it, if I do owner financing, above market value at $149k, pay 5.5% interest, $10k down, and do a quit claim deed held in escrow stating that if any payment is over 45 days late, the deed reverts back to me. I haven't ever done anything with a quit claim deed. Does this sound legit?