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    seagull1's Avatar
    seagull1 Posts: 1, Reputation: 1
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    #1

    Feb 4, 2009, 03:21 PM
    Bond for deed
    Is this a good idea ? I am looking to buy a home and the seller wants 10% down and payments for 3 years. Then I will need a bank loan to buy the home.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Feb 4, 2009, 03:24 PM

    Its your call. If you feel you can get a loan for the balance due within three years, it may be a good deal. A lot may depend on the numbers.
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