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Updated about 1 year ago, 11/01/2023
WA Real estate lawyer recommendation
Hi everyone!
I’m looking for a real estate layer who is familiar with creative financing, specifically subject to existing deed of trust contracts, how they work and how to overcome due on sale clause, in WA.
Context: I approached my partner’s mom to ask if she’d be willing to be a private lender to me on a seller finance deal I found, and she’s freaked out because she believes that transferring the title while the seller keeps the promissory note is “mortgage fraud”. She works selling title insurance so she’s in the industry but I don’t think she’s encountered people doing creative finance “the right way” and she’s afraid that I’m going to do something that would lose her money and get me into trouble.
So, I’m hoping to get on a conference call with a professional real estate lawyer that can explain to her this process and give her piece of mind.
Any recommendations would be greatly appreciated! - Thanks!!