Legal Question in Real Estate Law in Florida
I would like to sell a house I own in Florida as quickly as possible, and there are very few buyers looking in the area. I have the house paid off. Can I sell it with "owner financing up to $10K of buyer's down payment"? And then can I put a lein on the house to secure my $10K investment at closing? I am looking for creative financing to help the buyer who has little or no down payment. The buyer would need to get a mortgage on the house also.
Asked on 6/26/14, 9:19 am
1 Answer from Attorneys
Barry Stein
De Cardenas, Freixas, Stein & Zachary
They wont be able to get financing with 100% financing being provided between you and the bank. Speak to a real estate attorney
Answered on 6/26/14, 5:18 pm
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