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Updated about 5 years ago,

User Stats

309
Posts
100
Votes
Sandy Uhlmann
  • Investor
  • Jefferson City, MO
100
Votes |
309
Posts

Owner Financing Addendum

Sandy Uhlmann
  • Investor
  • Jefferson City, MO
Posted

When selling a property via owner financing are there any terms beyond the obvious (price, term, interest rate, late charges, ect... ) that I should have my attorney build in to the contract? I am aware of Dodd Frank.  This is my first owner financed deal.  

Also, is having the borrower fill out a residential loan application form 1003 overkill?

Does anyone have any advice on how to find a mortgage loan originator in Missouri?

Thanks for the help!

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