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Updated almost 3 years ago,

User Stats

25
Posts
10
Votes
Baptiste P.
  • Rental Property Investor
  • San Francisco, CA
10
Votes |
25
Posts

Process for seller financing?

Baptiste P.
  • Rental Property Investor
  • San Francisco, CA
Posted

Hello,

I'm looking to understand the process for a seller financing transaction with the owner that is a relative.

My understanding is that a Real Estate Attorney would draft a sales contract and a promissory note, and the title company would do the deed of trust. Is this correct?

I was talking to an attorney today that told me that the title company would be the one doing the promissory note so I'm a bit confused, would love to get a bit more clarification on the actors involved and who does what.

I'm in CA

Thanks a lot in advance