Question on Owner Finance Contract
6 Replies
Riggies B tang
posted about 1 month ago
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.
Thanks,
Charles Carillo
Rental Property Investor from North Palm Beach, FL
replied about 1 month ago
I would find a local real estate attorney that has drafted owner financing deals before and have them write one for you.
Heidi Dunn
Flipper/Rehabber from Indian River, MI
replied about 1 month ago
Some title companies will write up mortgage agreements.
Keith Winkler
Specialist from Collinsville, IL
replied about 1 month ago
Hi Riggies,
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,
Keith
Riggies B tang
replied about 1 month ago
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.
Keith Winkler
Specialist from Collinsville, IL
replied about 1 month ago
I PM'd you.
Austin Gaines
Flipper/Rehabber from Troy, IL
replied about 1 month ago
I agree with Keith.