Seller Financing Contract
A seller financing contract is a novel way of selling your home to a person who may have the purchasing capacity but may not have the good credit ratings to secure a traditional home mortgage. You may ask how that could happen? The economic recession may have affected him or her in such a way that the credit companies might have overlooked a fact that the person is still solvent. Credit card problems aggravated by the spiralling inflation rate may prove to be detrimental and even adversely affect that. As such, ask yourself if you are willing to take the risk for the buyer.