Lien Positions and Seller Financing Transactions

2020-09-29T16:53:26-04:00

Everything You Need to Know About Lien Positions and Seller Financing Transactions Have you heard the term “lien position” or “lienholder”? This article sheds light on lien positions and why they’re crucial as you consider seller financing . To understand what a lien position is, let’s start with some background on how a mortgage transaction works. Most people who buy a first home have not saved enough money needed to pay cash for the property. Even if they had, it wouldn’t make much financial sense to sock the entire $200,000 in cash into a home. When interest rates are 4%, and the [...]