Owner financing contract

[Ashley Pitre]

does anyone have an owner finance contract I can look at? I just need it for wording and how to set it up. I will have a lawyer draw it up when I have a buyer, I just need it now , so I can review it. Thanks guys. You always give me great info here on BP!

[Stuart Birdsong]

@Ashley Pitre,

  Call the Title closer/Escrow officer you work with and ask them how owner financing is filed in your state, Promissory Note/Deed of Trust, Land contract, Contract for deed, etc... In almost all cases you will want to have an attorney draft one on your behalf, providing you total control over the property, so long as the seller allows. Beware signing owner financing docs that the seller has drafted, as they will offer Seller total control over your ownership and afterwards. I hope it works out!

Stuart