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Updated about 10 years ago on . Most recent reply

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13
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2
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Paul Montaperto
  • Marietta, GA
2
Votes |
13
Posts

Seller financing in Georgia - SAFE Act has me second guessing...

Paul Montaperto
  • Marietta, GA
Posted

Hello BP!  I'm looking for some input....I am in negotiations with a potential buyer interested in purchasing one of my investment properties.  We have discussed seller financing and are close to agreeing on terms.  However, after speaking with RE attorney this afternoon, I am wondering if it is still a wise option.  The SAFE Act and "due on sale clause" have me rattled.

Obviously, this is my first seller financing rodeo....anyone out there had any recent experience with wraps in Georgia?  As the seller am I taking on too much risk?

Thanks for all the great thoughts and ideas BP!! 

Paul

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