Posted on: 10th Jan, 2009 10:18 pm
I am going to be doing a owner financing deal ( as a buyer )..What should I look out for?...When you do the owner financing, the deed is placed in your name at closing correct, giving you ownership?
What things should I look out for, what things should I avoid, as far as terms in the contract.
The breakdown of what steps are taken from start to finish would be great so that I know what to expect if I decide to go this route ..
And what all is included in the paperwork..
all info appreciated and welcomed.
Thanks.
What things should I look out for, what things should I avoid, as far as terms in the contract.
The breakdown of what steps are taken from start to finish would be great so that I know what to expect if I decide to go this route ..
And what all is included in the paperwork..
all info appreciated and welcomed.
Thanks.
Hi,
When you go for owner financing, the seller needs to sign over a deed at the closing time. Know more on owner financing from the article on this topic.
Sara has already replied to another query you've posted at at http://www.mortgagefit.com/quitclaim/warranty-titledeed.html . Please have a look at it.
Good luck
When you go for owner financing, the seller needs to sign over a deed at the closing time. Know more on owner financing from the article on this topic.
Sara has already replied to another query you've posted at at http://www.mortgagefit.com/quitclaim/warranty-titledeed.html . Please have a look at it.
Good luck
please be sure you hire an attorney who is well-versed in real estate.
