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Updated about 3 years ago on . Most recent reply

Brittany Trevino's profile image
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Brittany Trevino
  • Member since Nov 10, 2020
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Brittany Trevino's profile image
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Brittany Trevino
  • Member since Nov 10, 2020
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Brittany Trevino
12
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19
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Starting Out

Seller Finance Paperwork

Brittany Trevino
Posted

Hey All!
I've been agressively going after seller financing and finally have 2 people interested at once! Super awesome! HOWEVER, I don't know what paperwork I need to make this a completely legal and binding contract!?! As far as I know, I need to create a promissory note that covers payments and everything.. but what else do I need?

TIA!

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Jon K.'s profile image
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Jon K.
  • Rental Property Investor
  • from Perry Hall, MD
  • Member since Dec 27, 2016
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Jon K.'s profile image
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Jon K.
  • Rental Property Investor
  • from Perry Hall, MD
  • Member since Dec 27, 2016
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Jon K.
  • Rental Property Investor
  • Perry Hall, MD
544
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538
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Jon K.
  • Rental Property Investor
  • Perry Hall, MD
Replied

Congratulations on creating the opportunities! The real answer here is spend a few hundred bucks on a real estate attorney's time. If you're in a state that requires the use of title companies most of them are owned by or have one on staff.

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