Mar 19 • General discussion
Bank calls on seller finance
Has anyone ever heard of the bank actually calling on the mortgage once they found out someone else was paying it? I know the banks legally have the right to especially if the title is transferred, but I have been older investor friend who says he hasn't heard of it happening. In his words, they don't care if the check comes from grandma or the neighbor they just want their money.
I'm in the due diligence. For a seller finance deal! I think it's a good one, but my Realtor is cautioning me.
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Bank calls on seller finance
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