When selling your home with owner financing, there are some owner financing strategiesyou must understand in order to assess which strategy you can use or not.
 
Before we continue, let’s understand what is a mortgage. A mortgage is basically a piece of paper with the borrower’s pledges to pay an underlying debt using the subject property as collateral. Here buyer (borrower) is the mortgagor and the lender is the mortgagee.
 
If you as a seller do the financing, then you are the mortgagee. The morgagee places a lien against the subject property as collateral for the debt or loan. If buyer defaults on mortgage payment, the creditor (you, or the bank) may foreclose on the property. Read more

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