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Sale, Financing, Settlement or Lease of Other Real Estate  Form

Sale, Financing, Settlement or Lease of Other Real Estate Form

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[Music] evan's with us in winston-salem hi evan welcome to the ramsey show hi dave how are you better than i deserve what's up um well me and my wife uh we're on baby step 3b trying to stay for a house and uh we've got a chance to buy a house um from a family member um she's my wife's cousin and uh not really like a close family but they're offering it to us at um 3.5 interest on a 15-year fixed rate owner financing and i've called around to the banks the best that i can do is probably around four or a little over four and so we me and my wife were longtime listeners and we just wasn't sure about owner finance center if that was a safe thing to do owner financing is as safe as anything else if you have a good attorney draft they equip draft the uh documents it's not a land contract it's an actual mortgage and the deed of the house goes into your name yes okay there's no land contracts at all we don't do those okay now the downside of the whole scenario you're giving the the other the o

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