Seller Carry Backs: What Should You Know?
At White Hat Servicing, we understand that Seller Carry Backs (also known as seller financing or owner financing) can be an excellent way to structure a real estate transaction, offering benefits to both buyers and sellers. A Seller Carry Back occurs when the seller of a property agrees to finance part or all of the purchase price, rather than requiring the buyer to secure a loan or mortgage from a bank or lender. The seller essentially acts as the lender, receiving regular payments over time. This can be a mutually advantageous arrangement for both parties, especially when other financing options are limited or less favorable.
For sellers, offering a Seller Carry Back can be an attractive way to sell a property quickly while still receiving a steady stream of income in the form of monthly payments. This can be particularly appealing if the seller is looking for long-term income, tax advantages, or to attract a larger pool of potential buyers. For buyers, it provides an opportunity to acquire property without having to navigate stringent requirements of conventional lenders.
Why Choose White Hat Servicing for Your Seller Carry Back Loan?
When it comes to managing a Seller Carry Back, the administrative tasks and legal complexities can quickly become overwhelming. That’s where White Hat Servicing comes in. Our experienced team can handle all aspects of your Seller Carry Back loan, from initial seller carry back loan documents, payment collection, escrow management (if any), as well as ensuring everything runs smoothly and in full compliance with all applicable regulations.
With transparent communication to both the buyer and seller, we keep all parties informed throughout the life of the loan. We also manage potential issues like late payments or defaults, monitoring property taxes and property insurance, allowing you to rest easy because you know investment is being honestly & exceptionally serviced. If you are a seller looking for a trusted partner to handle your financing, White Hat Servicing is here to support you every step of the way!