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craigslistcla · Joined: 10 Jan 2009 Posts: 2 1.61 Dollars($)

I am going to be doing a owner financing deal ( as a buyer )..What should I look out for?...When you do the owner financing, the deed is placed in your name at closing correct, giving you ownership?

What things should I look out for, what things should I avoid, as far as terms in the contract.

The breakdown of what steps are taken from start to finish would be great so that I know what to expect if I decide to go this route ..

And what all is included in the paperwork..

all info appreciated and welcomed.

Thanks.

Caron · Posted: Mon Jan 12, 2009 3:49 am Post subject:

Hi,

When you go for owner financing, the seller needs to sign over a deed at the closing time. Know more on owner financing from the article on this topic.

Sara has already replied to another query you've posted at at http://www.mortgagefit.com/quitclaim/warranty-titledeed.html . Please have a look at it.

Good luck

gmakerley · Posted: Mon Jan 12, 2009 9:54 am Post subject:

please be sure you hire an attorney who is well-versed in real estate.

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