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Owner Financing
Looking for some Pelican wisdom from the brain trust.
I am looking for info on the pitfalls of buying a house via owner financing. Background; divorced have a few credit dings. Could get conventional bank loan but at a higher interest rate. Putting about $80K down. Have found a house that, so far, they are willing to do this, still waiting on one more heir's approval. So for my protection what should I look out for??
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