Will the Credit Crunch Open the Door For a New Wave of Seller Financing?

Lenders are closing their doors at record pace. Bank failures are at the highest level since the 1980’s. Credit programs are becoming as elusive as the Loch Ness Monster, and the failing credit markets are turning the real estate market upside down. In this environment of tight credit, how does a buyer without a sufficient down-payment and/or credit score buy a house? Seller financing may be the answer.

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