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Seller financing a down payment

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relocate Joined: 27 Jul 2009 Posts: 1 1.00 Dollars($)	Posted: Mon Jul 27, 2009 11:11 am    Post subject: Seller financing a down payment Like 0 Dislike 0 I own a house appraised I'm selling for $350K and I owe $300k in mortgage on the house. I have a buyer who only has $20K to utilize as a down payment, when $70K is actually required. Can I as the seller finance the extra $50K? If so would the bank where I hold my mortgage be O.K. with this option?
kentmark0 Joined: 25 Jul 2009 Posts: 49 0.00 Dollars($)	Posted: Mon Jul 27, 2009 11:16 am    Post subject: Like 0 Dislike 0 i do not think there is any problen with down payment of 20K. he can take mortgage for balance & pay to you.
andyth09 Joined: 21 Jul 2009 Posts: 17 0.00 Dollars($)	Posted: Mon Jul 27, 2009 11:59 am    Post subject: Like 0 Dislike 0 mortgage will help him as per my understanding. And pay minimum down payment

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