When selling with Owner Financing - Posted by Kenny

Posted by Kenny on October 31, 2000 at 21:06:43:

When offering a house with owner financing, do I just draw up the paperwork and give it to the title company to process the note to me from buyer or what?

I’ve got the buying subject to down pretty much, but now selling is what I need some help on. I’ve got interested parties but just need to know the how tos in doing so.

Buyer will pay me $22,000.00 down and I will carry with an Agreement for Sale (That’s what we call it here) aka. Contract for Deed or Land Contract. Do I use a note, or is this just an agreement on paper until paid?

Please clear the air for me guys! Thanks