Concord Equity Group

CEG specializes in buying owner-financed mortgages. First, what is an owner financed mortgage or deed of trust? An owner financed mortgage or deed of trust is created when the seller of a real estate property is also the bank for the buyer of the property. For example, assume that you own a property free-and-clear (without a mortgage) and that you want to sell it. If the buyer gets his financing from a bank, you would come away from the sale with cash. Without another investment in mind, you would probably put the cash into a money market or certificate of deposit account earning a relatively low interest rate.