Sell Your Home Fast! Carry Back a Second Trust Deed

Carrying back a second trust deed on your house can help a lot of people qualify who may have not otherwise been able to. If you need all of the proceeds from the sale of your house, this method may work for you. You carry back a note for, let's say $40,000, but you offer the note to the buyer for only $35,000 providing the note will be paid off within the first month of ownership.

The buyer will now need to get approval for an equity line or second trust deed, which can close in as little as 4 days after the buyer takes possession of the home. Have a talented lender assist with this type of a deal, but realize that even though the buyer agrees verbally to this agreement, they aren't obligated to retire your note any sooner than the note itself states. The motivation to retire your note quickly has to come from the discount incentive. Sounds tricky, but it works.