Posted on: 25th Feb, 2009 10:53 am
I am in the process of thinking about owners finance what are the inportant info i need to know. we are going to a lawyer to draw up paper i have no idea on what to ask or do if any one can help
are you the owner doing the financing, or are you the buyer doing the borrowing?
you said you're going to a lawyer to draw up paper -what kind of paper are you drawing up if you don't know what you're doing?
have you done any investigation other than asking this question?
you said you're going to a lawyer to draw up paper -what kind of paper are you drawing up if you don't know what you're doing?
have you done any investigation other than asking this question?
This is my first question once i have the down payment she said we could go to meet with a lawyer. I moved in the house 2 years ago tring at the time to get approved to buy but i did not qualify for it due to credit problems so she suggested owners finance
it would make sense for you to retain your own legal counsel. if you and the seller are meeting with the seller's lawyer, you run the risk of not having your interests cared for. after all, a seller's lawyer is a seller's lawyer.