From: ehcorp1@lycos.com
Newsgroups: dfw.general tx.general misc.invest.real-estate
Subject: Re: Houses financed by owners, in Texas
Date: 27 Jul 2004 10:28:51 -0700

"Don Zimmerman"  wrote in message news:...
> "Steve"  wrote in message
> news:180ac350.0407261531.4c6d5531@posting.google.com...
> 
> > Has anyone in Dallas or in Texas ever financed a home (to someone)
> > that you owned? Are there any special laws or regulations that one
> > must follow? I'm thinking about financing some property that I own to
> > someone, without a bank being involved.
> 
> If done right, it can be a good deal for both buyer and seller. The buyer
> can get a lower interest rate on the loan than banks would offer, and even
> so, the seller can get a higher interest rate than other investments might
> yield. It is important for the seller to get a substantial down payment from
> the buyer and to have the contract checked by a lawyer.



I disagree.  Seller financing works best in high interest climates
when buyers can't get a decent rate from a bank.  When rates are as
low as they are now any fool with the 2-cents worth or credit can
qualify for bank  financing.

This is the wrong side of the cycle to seller finance, but wait a
while.  Given Bush's $500-billion deficets rates can only go up from
here.