You can get the title company to draw up a mortgage. If they have an attorney on staff, all you have to say is that you need a “Standard Bar Note” and they should know what you are talking about. Most title companies have the software for this and it is state specific on what it needs to say.
I was wondering if anyone knows where I could get contracts for holding a mortgage. Do I have to create it? Are there some that I can purchase? I have a seller who is willing to hold a morgage on a property but its my first time and don’t know how to get the contract started.