Posted by David G. on October 10, 2003 at 15:59:02:
You can also do the closing yourself. This is recommended if you dont have the funds to get a lawyer.
You also need to worry about the realtor fees. You said that a realtor is involved, they will ask for their 6-7% commission upfront unless hes willing to accept a second mortgage or promissory note for the balance of his commission.
If you send me a copy of the deed and contract,I can draw up a Land Contract or contract for deed and fax it back to you where it just needs to be signed and notarized and recorded.