Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 16 years ago on . Most recent reply

Seller 2nd's
I'm buying a property that the seller is carrying the 20% down. I was wondering how that works and what forms I need to use? Is this just a simple promissory note? What other paperwork is involved and how do they get there name listed on the deed in the second position under the bank? Also do I need a real estate attorney to do the closing or should I do it at a title company?
Sorry for so many questions just trying to get it all figured out!