Seller financing help - Posted by Brad (SavGA)
Posted by Brad (SavGA) on January 30, 2001 at 06:29:47:
Found owner that owns house free and clear. I’m gonna offer to purchase all cash, thru hard money, but I want to try and see if they will owner finance with balloon in a year. (Mother died and three children are on deed)
The house is in move in condition and the owners currently think its worth about 10K less than comparables.
My first thought was to lease purchase for one year and sell immediately. But I think they just want a quick out.
What documents are needed to owner finance? Do I have to go through a Title company? (If so, then I guess they can do everything for me)