Temporary Seller Financing

Bird Dogs, Wholesaling
1

Is anyone using this program? The plan seems great just so long as they are not charging anymore than a 15% “discount”.

Anyone?

2

More info would be great. Thanks

3

I think I know what you’re talking about. I personally have not used one of these programs, but I know of an investor who’s used one successfully (I won’t name the temp seller financing company here). Here are the basics of the program:

  • Buyer puts down a min of 5%
  • Seller takes back a 2nd for 10 to 15%
  • Seller takes back an 80% 1st mort that’s cashed out at 85% of value at closing

The buyer has to meet certain qualifications:

  • Credit score of 620+
  • Steady income

I’ll PM you a link to the program.

Ben

4

Are you sure the minimum credit score is 620? If that were the case, with a 5% down payment, 620 credit score, and steady income…they could qualify for traditional financing…

5

OKAY

I know of this program and the fico is much lower then stated but most every thing else is close to the line

If you do a google for temporary financing
I think you will find the man behind this

As well much more information on it