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Updated almost 6 years ago on . Most recent reply

User Stats

40
Posts
17
Votes
Cleotha Euwins
  • Real Estate Agent
  • Oklahoma City, OK
17
Votes |
40
Posts

Help Finding an attorney

Cleotha Euwins
  • Real Estate Agent
  • Oklahoma City, OK
Posted

When finding a seller that has agreed to seller financing, Im Wondering how I get the contract drawn up.

Are these usually drawn up by an attorney? Where have you found success searching for an attorney and how do I know he/she is good for what I need in real estate? Do I need an attorney?

Anything about seller financing is welcomed and encouraged on this post.

I've bought one house and it was a conventional loan with 20% down. I am trying to avoid using conventional if at all possible. Listening to the BP podcast I have learned it will get much harder getting lenders to do conventional loans with me as I get more and more.

Thank you for your input

Most Popular Reply

User Stats

328
Posts
124
Votes
Michael Ohara
  • Investor
  • Hawaii
124
Votes |
328
Posts
Michael Ohara
  • Investor
  • Hawaii
Replied

I sold property with owner financing and I had an attorney draw up the docs.  You can simply ask the attorney to give you an example of his last OF contract that he drew up.  Ask the attorney what the foreclosure laws are.  I think main thing find someone with experience in these types of deals.

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