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Updated almost 2 years ago,

User Stats

22
Posts
5
Votes
Nate Bartlett
  • Lawrenceville, GA
5
Votes |
22
Posts

Recording a mortgage on seller finance deal.

Nate Bartlett
  • Lawrenceville, GA
Posted

I'll keep this short. I'm purchasing a property from a fried in Illinois (Cook County) using seller financing. 

Purchase Price: $54k

Down Payment: $10k at closing, $3k in 6 months

Terms: Remaining $41k amortized over 30 years at 3% apr, balloon payment in 36 months.

The sellers attorney has ghosted him. I have no idea why. My attorney will draw up the agreement contract, but she does not want to do handle the mortgage document because she says it's a conflict of interest. 

What's the best way for me to do this?

TIA,

Nate

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