Updated about 5 years ago on .
Sellers Finance Legality
Hi BP!
Does anyone have experience with seller's finance in terms of procedural and paperwork required? Is it similar to a conventional loan where you have to put a down payment or can you do zero down if the seller agrees? Is it just a promissory note produced by an attorney with type of loan/interest rate? Will escrow need to be involved and what would be their involvement?
Thank you!!