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Updated almost 17 years ago on . Most recent reply

Eddie X's profile image
Eddie X's profile image
Eddie X
  • from Pennsylvania
  • Member since May 9, 2009

User Stats

10
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Eddie X's profile image
Eddie X's profile image
Eddie X
  • from Pennsylvania
  • Member since May 9, 2009
Eddie X
  • Pennsylvania
0
Votes |
10
Posts
Private Lending & Conventional Mortgage Advice

Owner Financing

Eddie X
  • Pennsylvania
Posted

Hopefully I'm in the right section.

I have a house in PA which I'm offering with owner financing.

The only thing I can't get an answer on is if there is anything needed besides the mortgage. Do I need a Deed of Trust or something? I know some states require it.

I plan to write up a mortgage and have it recorded with the county, etc. But they seem to have no answers at all after that.

Assuming that the paper we sign will be seen as transferring the property so there will be the transfer tax and I assume I can let them get their own insurance.

Any help is appreciated, have to meet these people tomorrow with the breakdown of the loan.

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