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Creative Financing – Seller Financing

Posted in Seller Financing

SELLER FINANCING IS A FORM OF CREATIVE FINANCING I would like to say a few words about creative financing, also referred to  as seller-financing, or a wrap-around deed of trust deal, or a lease-option deal.  Creative financing includes seller financing, but it is a broader term. For example, a buyer might get a new first position mortgage with the seller taking back a second position mortgage.  Or the seller might take back security on a different property. Or the seller might take back both a first or second mortgage plus side security on other property.  Seller-financing is advantageous because it avoids the hassle of having the buyer get a new loan. There are only two parties to a seller-financed deal, buyer and seller, instead of the usual three parties. The lender is not there to rain on our parade....

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