An accountant should also be consulted since there could be tax benefits attached to seller financing, particularly if the sale involves a second home or an investment property.

During 2009 and 2010, much of the seller financing was forgiven as part of contingent purchase price adjustment terms and tests in the original purchase agreement.

The purchase price will include cash, seller financing and the assumption of mortgage debt.

With seller financing, the buyer makes a down payment and monthly payments at an agreed-upon interest rate to the seller, not to a bank.

There are no universal requirements mandated for seller financing.

HOME buyers in a stagnating real estate market are starting to hear a term not bandied about since the days of high interest rates: seller financing.

Or they are paying off other short-term commitments, such as seller financing or equity loans.

As with any other seller financing, however, the seller is generally at risk with respect to the buyer's creditworthiness or ability to manage the asset.

Although most land contracts can be used for a variety of reasons, their most common use is as a form of short-term seller financing.

Not all seller financing will be salable.