Hi. My 22 yr old son and his 18 yr old lifelong friend have bought 20 acres together. The seller is carrying the loan, and it is over a 20 yr period. The boys want to pay it off sooner, so they can get the deed in their name, save on interest, and resell the acreage for a profit. I know there are ways for the boys to sell the land even before they pay it off, but I don’t know enough to help them on this. The company that they purchased from has said they are welcome to sell the note, and create paper…The kids want to sell for cash and not offer financing. Who should I direct the boys to for help, a realtor, a broker, a bank, a real estate attorney? We live in Los Angeles County, and the property is in Klamath County, OR. Thanks a lot! 
Howdy Michelle:
Why not sell it with the buyer assuming the loan from the seller and getting cash for the difference from the buyer.
Thanks, TedJr; You made it sound simple! So what would that type of arrangement be called? Is that just an “Assume Loan” plus cash sale? Thanks alot!
Howdy Michelle:
I do not name them. I just do um. Your name sounds as good as any. Cash to loan works for me I guess. LOL
Cast as in fly fishin’, or didja mean Cash?! lol ;D
Howdy Michelle:
I changed it to cash. I am a horrible typist.
aw, I thought you’d play along with the fishing theme!