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Updated over 5 years ago on .

User Stats

18
Posts
2
Votes
Bailey Sessoms
2
Votes |
18
Posts

Property Title w/ Seller Financing

Bailey Sessoms
Posted

I have been doing some reading on seller financing, but when it comes to the property tile, the information is VERY vague. They say you would sign a promissory note stating the terms and the title would remain in the original owner’s name. This will allow them to sell the note to another lender, however. What documents are filed with the state to prevent the original owner from fraud “selling” the property to another person?

Thanks for your help!