Help with Seller Financing

[Justin Carmack]

Can anyone make recommendations on a local attorney that can help structure the paperwork for a seller financing deal? I'm assuming an attorney would be the best means of putting the paperwork together? Or any experts here on BP you can point me to?

Overview:

Purchase price is $90k. The seller has agreed to take a $20k down payment (he owes $20k on his mortgage) at which time we will transfer title to me and he will hold a note on the remaining $70k. I plan to make the needed repairs, hold for a seasoning period, and refinance out at 75% LTV. Estimated ARV $160. Cost of repairs $25k.

He doesn't want to hold the mortgage for too long which is no worry for me because I need to get my money back to start another project. 

Thank you.