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Updated over 9 years ago on . Most recent reply

User Stats

202
Posts
149
Votes
Ana G.
  • Wholesaler
  • Miami, FL
149
Votes |
202
Posts

Help with Seller Finance/Owner Finance?

Ana G.
  • Wholesaler
  • Miami, FL
Posted

I'm a wholesaler in Miami Fl and when sellers call and ask for retail, I used to be forced to move on (mostly because the seller still owes a mortgage close to retail price). So lately ive been saying, yes we can give you full market but you have to seller finance/owner finance for 20 years.

Does anyone know how this process works? Does anyone have the contract for this type of deal? 

Would a mortgage assumption be even better? Does anyone have the contract for an assumption of mortgage? 

When would i get the deed? Help would be SUPER GREATLY appreciated. I literally have 5 sellers who are interested. HELP!

Most Popular Reply

User Stats

916
Posts
296
Votes
Shanequa J.
  • Realtor
  • Houston, TX
296
Votes |
916
Posts
Shanequa J.
  • Realtor
  • Houston, TX
Replied

Get someone to draw up the note. I'm using a real estate attorney.

I use my state approved real estate contract. I know everything is legal. 

You get the deed when you close depending on how you're buying.

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