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Updated over 3 years ago on . Most recent reply

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Marcelino Latina
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Costs of attorney for seller finance contracts

Marcelino Latina
Posted

Hey BP community! 

I have a property that I can obtain using seller financing. 

- Is it necessary to use an attorney during the process? I do not mind paying for the costs of one if the community says and will protect everyone involved in the traansaction.

- How much is it to typically work with an attorney during the seller finance process?

- I've inquired from a few law firms and costs so far would include initial consultation, drafting purchase and sale agreement, creation Deed of Trust and Note

- Each of the above with their own costs

- So what is necessary and proper to pay for? Are there other costs I should be aware of? Or does the above sound pretty routine and standard?

I appreciate all the help I've received so far and will give back to the community  but I am very much a newbie investor at the moment.

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Patti Robertson
  • Property Manager
  • Virginia Beach, VA
2,244
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Patti Robertson
  • Property Manager
  • Virginia Beach, VA
Replied

I can't tag him because he just joined BP and we aren't connected yet, but John Napier with Hangar Law is now on BP and he would be a great attorney to connect with to get these contracts and closings taken care of.

  • Patti Robertson
  • 7574722547

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