We have an offer on our house that includes little money down, an interest only monthly payment and then a baloon payment for the remainder, due in several years. Obviously we would hold title until the final payment, however, are there any events in which the gov't could seize the property for any reason? Given that the villa is the only collateral, we want to be sure to cover the basics. The only other two items is for a 3rd party to keep the accounting and to ensure that the buyer gets home owner insurance.
Any thoughts on this?
Thank you.
Any thoughts on this?
Thank you.