Seller Finance How to Get Started

[Eric Morel]

Hi all,

I am in the process of getting my credit and cash reserves where they need to get started. I anticipate having both where they need to be in 6 months. In the meantime, I wanted to play with the idea of seller finance. I am just not sure if I want to do it due to the Due clause in some mortgages. Also, I am not a lawyer, so I was looking for a template for a contract to protect me and the seller. I know Simeone will say please see a Mortgage/Real Estate attorney, but not ready to make that step. Still in the process of deciding if I want to do seller finance or not. My main question is is there sample contract somewhere. Also, who has been doing this with success. How does the process of getting the Seller finance into a mortgage loan in my name or the LLC. How does that work?