Once Upon a Mortgage: Tales of Scary Seller Financing

Once upon a time, in a land of hard work and thoughtful financial planning, a mature, adult couple dreamed of selling their humble abode and relocating to the Promised Land of Retirement (ka-ching). Everything was going as planned until the unpredictable Mt. Mortgage erupted, burning up rates and loan applications for miles and miles. It was a dark, dark time for many.

Suddenly, without warning or fanfare, a visitor from the land of Sketchy Seller Financing appeared on their doorstep, bearing forth a piddly down payment and shady contingency offer. “Sell us your home!” they demanded “but… you keep the mortgage, we’ll pay you back in time. Patience, desperate seller. Patience.”

The mature couple, anxious to flee from this dark, despairing land, began to fret. Unsure of where to turn, they sought refuge in a real estate community called Zillow Discussions. “Help us, we are lost and confused” they cried. This community of lenders and concerned citizens embraced them, offering up practical advice and referrals aplenty. “Don’t do it” some said, while others were in favor of the risky transaction.

Where will the mature couple go? What what will they do? Tune in to see new questions and answers in the turbulent land of mortgages, located in the world of Zillow Discussions.

*Image courtesy of deesillustration.com