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Updated almost 5 years ago on . Most recent reply

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George Frye
  • Investor
  • Albany, GA
23
Votes |
158
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Owner Financed note creation

George Frye
  • Investor
  • Albany, GA
Posted

I have a property I just took from note to REO. I have a buyer who is interested in the property however hey want to do owner financing. What is the best way for me to create the new note. Should I go through a lawyer a title company or could I create this note myself?

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Jay Hinrichs
Professional Services
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
Professional Services
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

most states have a carve out for a few owner done transactions a year.. attorney in your state can do this no problem.  if its owner occ though you will want to follow the guidelines..

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JLH Capital Partners

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