Cons and risks as a buyer on an owner finance house?

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

Post Flair (click to view more posts with a particular flair)

Homebuyer

Post Body

I currently rent a house and our landlord has agreed to owner finance it to us starting in the summer. I am wondering my risks of owner financing it and if they’d be able to take back the house or sell it from under us after a contract is signed, and a downpayment is put down. We would like to, in the future, add a room or two onto the house. I don’t want to put down a downpayment, and add onto the house, for her to be able to sell it from under us and keep the downpayment. This is what I’m scared of. Would she be able to do that? What are my risks of buying a seller/owner finance house?

Author

Account Strength

90%

Account Age

4 years

Verified Email

Yes

Verified Flair

Total Karma

610

Link Karma

310

Comment Karma

300

Profile updated: 1 month ago

Posts updated: 11 months ago

Comfortable_Assist_6

Subreddit

r/RealEstate

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.

Posted: 2 years ago
Reddit URL: View post on reddit.com
External URL: reddit.com/r/RealEstate/...