Posted on: 11th Aug, 2009 04:56 am
In ofer to owner finamce - so I just take buyers to title company and have paper draen and filed accordingly -how long should this process take?
To qualitywell,
I think you need to consult an attorney first. You need to engage an attorney to draw up the agreement so both the owner's and the buyer's interests are taken care of. It should also be noted in the agreement what rights the buyer and the seller are entitled to in certain situations like when the buyer defaults on the loan etc. The process should not take long. Once the agreement is made and is signed by both the seller and the buyer, it will come into effect and both the parties will be liable to abide by the clauses of the agreement.
I think you need to consult an attorney first. You need to engage an attorney to draw up the agreement so both the owner's and the buyer's interests are taken care of. It should also be noted in the agreement what rights the buyer and the seller are entitled to in certain situations like when the buyer defaults on the loan etc. The process should not take long. Once the agreement is made and is signed by both the seller and the buyer, it will come into effect and both the parties will be liable to abide by the clauses of the agreement.
I agree...do not make another move without an attorney.
