Posted by JPiper on December 14, 2000 at 15:30:35:
I’d probably take your deal over to a title company or attorney and let them do the paperwork for you. They’ll prepare the deed, note, deed of trust or mortgage, and record at the courthouse.
JPiper
Owner Financing Agreement - Posted by Bill Dunn
Posted by Bill Dunn on December 14, 2000 at 13:01:56:
Hey Folks!
I’m buying a home from my Uncle. He will finance total amount. Does anyone have suggestions on how to word the agreement? Is it a separate document or included in the RE sales agreement. Thanks in advance. You guy are the best.
Hey, while your here. Is this correct: For a owner financed sale, I need a RE Sales Agreement, and a Quitclaim or warrantee deed only. I then register the deed at the courthouse. Is this correct?
Bill
Re: Owner Financing Agreement - Posted by dewCO
Posted by dewCO on December 15, 2000 at 09:33:54:
Yeah the item you missed was the note. That is the actual details of the agreement as to who pays whom what amount and at what interest rate. Some times this is also covered in the contract, but it is a must in the note.