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What do i need to know before buying an owner financed home?

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leeelliot61 Joined: 13 Sep 2009 Posts: 188 0.01 Dollars($)	Posted: Wed Sep 23, 2009 8:41 pm    Post subject: What do i need to know before buying an owner financed home? Like 0 Dislike 0 What do i need to know before buying an owner financed home?
smithsussane Joined: 18 Sep 2008 Posts: 10030 Location: Alaska 919.49 Dollars($)	Posted: Wed Sep 23, 2009 10:54 pm    Post subject: Like 0 Dislike 0 Hi leeelliot! Welcome to forums! You should check out if the property is free and clear or not. A title search regarding the property would help you in getting an idea about the title of the property. Also you should check out the owners of the property. In order to transfer the title of the property, all the owners of the property should sign the property deed. Also, you should sign an agreement with the seller wherein the terms and conditions of the contract would be mentioned. Check out the given page to know more about owner financing: http://www.mortgagefit.com/owner-financing.html Feel free to ask if you've further queries. Sussane
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12346 Location: bloomfield, ct 53.01 Dollars($)	Posted: Thu Sep 24, 2009 7:21 am    Post subject: Like 0 Dislike 0 and you need a lawyer...and you need some common sense...and you need some money because you are about to be taken, if the posts in this community are correct. _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044

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