Explain This To Me Of You Know? Please : )
LeaseOptionInvesting
Thinking about doing a FSBO.. seller financing..
Land contracts do not pass legal title to the buyer, but give the buyer equitable title. The buyer makes payments to the seller for a certain period. Upon final payment or a refinance, the buyer receives the deed.
How does a refinance change this deal? what changes?
Could you please supply an example?
THANKS IN ADVANCE!