Hello. I own a property in Granite City, IL. I would like to enter an owner financing term with the buyer. I would like to know what kind of legal contract I can use for this kind of arrangement.
I would find a local real estate attorney that has drafted owner financing deals before and have them write one for you.
Some title companies will write up mortgage agreements.
Phil Theis is a real estate attorney. He owns Pontoon Title on Pontoon Road in Granite City. He's written up owner financing agreements for me in the past. I'm sure he'd be happy to do the same for you. Please tell him I sent you. Pontoon Title - (618) 931-6500
I'm also curious about what you have for sale? Sounds as if you have a buyer for a property?
Thank you all for the value information. Keith, this is very helpful, I will definitely will contact Phil. Yes, I sold the property to my contractor. Question, would you mine sharing what terms did you enter with your buyer? thanks again.
I PM'd you.
I agree with Keith.