The Difference Between Seller Financing and Lender Mortgages

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Question: We placed our home for sale and now a deal has come in: The buyer wants a seller-financed transaction, one particular where we would get back the mortgage. Do you know the advantages and traps if we accept this offer?

Answer: Seller take-backs are already with us for as long as properties has been sold. It is not a new idea nonetheless it

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