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Guidelines to do an owner finance mortgage in Texas

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corporate Joined: 02 Dec 2008 Posts: 1 1.36 Dollars($)	Posted: Tue Dec 02, 2008 8:37 am    Post subject: Guidelines to do an owner finance mortgage in Texas Like 0 Dislike 0 I have some property in Texas that I want to sell. I am willing to owner finance it and would like to find guidelines on how to do it etc. Do I do a contract for deed or how do I proceed once I have a buyer? Are there samples available on the web for this & where do I find them?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Tue Dec 02, 2008 7:39 pm    Post subject: Like 0 Dislike 0 Hi corporate! Welcome to forums! To be on the safer side, it is always recommended that the seller and the buyer should sign a contract which will state terms and conditions of the deal. This will help both the seller and the buyer in the long run. You can also involve a 3rd party (an attorney) to write the terms and conditions for you. Check out How is owner financing or carry back loan useful? from the information available here. As far as samples of owner financing docs are concerned, I don't think they are available online. It will be better if you can hire a title attorney for this purpose and he/she will guide you in doing the formalities. Feel free to ask if you have further queries. Sussane
susieq Guest	Posted: Mon Jun 08, 2009 11:38 am    Post subject: owner finance contract for deed Like 0 Dislike 0 you should be understanding of the new law change in texas on contract for deeds and lease purchase options which went into effect in 2005 and some changes apply to contracts made previous to new law , please check with texas a and m real estate center or the texas property code changes good luck to you
mumu Guest	Posted: Fri Dec 10, 2010 11:51 am    Post subject: owner finance contract for deed Like 0 Dislike 0 i went passed my 5 days grace on contract. does the owner have to send a letter to me and give me x amount of days to settle this and go on with our contract? is this a law of texas?
mumu Guest	Posted: Fri Dec 10, 2010 12:00 pm    Post subject: owwner finance contract for deed Like 0 Dislike 0 where is my answer to my question? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
Niicss Joined: 03 Oct 2005 Posts: 4834 Location: New Jersey 508.88 Dollars($)	Posted: Mon Dec 13, 2010 2:10 am    Post subject: Like 0 Dislike 0 You must have signed an agreement with the seller. The seller will be able to take actions against you as per the agreement. If you want to pay off the dues now, then you should contact your seller and negotiate with him in this regard. _________________ Good is the Enemy of Great.

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