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Updated about 3 years ago,
Costs of attorney for seller finance contracts
Hey BP community!
I have a property that I can obtain using seller financing.
- Is it necessary to use an attorney during the process? I do not mind paying for the costs of one if the community says and will protect everyone involved in the traansaction.
- How much is it to typically work with an attorney during the seller finance process?
- I've inquired from a few law firms and costs so far would include initial consultation, drafting purchase and sale agreement, creation Deed of Trust and Note
- Each of the above with their own costs
- So what is necessary and proper to pay for? Are there other costs I should be aware of? Or does the above sound pretty routine and standard?
I appreciate all the help I've received so far and will give back to the community but I am very much a newbie investor at the moment.