San Diego Housing Market News and Analysis
100% seller financing
User Forum Topic
Submitted by Sick Of The Heat on August 14, 2007 - 8:39am
"This is a for sale by owner property (FSBO) in Carmel Valley. The owner is offering 100% seller financing on a $715K to $750K property. This means that if you can cover 3 payments and the costs of creating the legal documentation for the transaction, this property is yours with all the tax benefits and pride of home ownership."
The above paragraph is a description on a FSBO house in CV. Is the owner wanting to be the bank? The cost per sq ft. is high -- $452. Can someone help me understand this?
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