Owner Financing: Will it Return?

Owner Financing: Will it Return?

 

If you're ready to buy a home, the recent turmoil on Wall Street may be further hurting your chances of getting a loan.  Investors are reacting to a mortgage industry crisis not seen in decades.

 

Some lenders are shutting down, laying off thousands of employees and leaving buyers in the lurch. Interest rates and the terms of loan offers are changing daily. And borrowers with tarnished credit are facing deal-killing loan terms — if they can find a loan at all.

 

It makes one wonder - Will Owner Financing on a home return just to get property sold as was a trend at one time decades ago?

 

Of course, the only sellers who could even entertain such an idea are those with no mortgage, and we suspect there are fewer and fewer of these types of homeowners around these days.

 

If you were selling a home and had no mortgage, would you consider owner financing to a buyer to get your property sold?  We'd love to hear your opinion on this subject.  Just click the comment link below and tell us what you think.