All Forum Posts by: Jason L.

I need some help with this process. I've been researching how to go about setting up seller financing for a relative of mine and have had a difficult time finding any information.

Here's the scenario: the seller has agreed to carry financing. My relative is going to put money down and the term will be about 10 years.

Questions - Do I record the note anywhere? If so, where? My understanding is this isn't like recording a note against a SFR.

If I don't record the note then how does it work?

What forms are needed other than a purchase & sale agreement?

Thanks,

Jason