Posted on: 20th Dec, 2013 07:59 am
own a 3 family mixed use property ...no morgage....doing owner financing....getting down payment....8% jnterest on balance for 6 months.....at that time the balance of purchase price is paid....is this a morgage ,or a loan.....whick security documents should get to secure my interest...what are the ...what are the drawbacks for doing this.....I'm getting a lawyer asp....
Hi boerum,
Yes, taking the help of a lawyer will be a good option in this regard. He will help you in drafting the owner finance agreement and let you know what things you should consider.
Yes, taking the help of a lawyer will be a good option in this regard. He will help you in drafting the owner finance agreement and let you know what things you should consider.
Hi boerum!
Welcome to the forums!
To know more about owner financing, you can check out the given page: http://www.mortgagefit.com/owner-financing.html .
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
To know more about owner financing, you can check out the given page: http://www.mortgagefit.com/owner-financing.html .
Feel free to ask if you've further queries.
Sussane
Seek help of your attorney to know more about owner financing.