Where can I get owner finance legal docs?

Hi DebJo,

As the property is being owner financed, I don't think the lenders would be ready to give you a loan. Rather than going for owner financing, you can directly apply for a mortgage with the local lenders. Going through your financial situation and credit report, they would let you know whether or not you would get a loan.

i keep getting people calling about my house for sale all want owner financing I talked to the title company and they suggested i rent to own with a large down payment and part of the rent as a credit towards the balance after one year to buyer for down payment and closing cost is this a good idea i need to sell can't keep paying two mortgages

Welcome scully,

If you already have a mortgage on the property, then it won't be a good option to go for a owner finance. The lender may call the loan due immediately if he comes to know about it. As far as rent to own option is concerned, it would be a good option in my opinion.

We are purchasing a property through owner financing. What do we need to look for when we get to the closing table?

Welcome Charise,

You should sign a proper owner financing agreement with the seller. The agreement should mention the terms and conditions of the owner financing. You should check out whether the interest rate to pay off the loan is affordable for you. In case of any doubts, you should ask the seller for a clarification.

i own my property free and clear and am curious as to benefits to a realtor.
will they show an owner financed home and what do they get for it?

Hi Guest,

It will be completely the realtor's discretion whether or not he will show an owner financed home. May be you will have to offer some kind of commission to him.

Thanks