Alaska Selling with owner financing and an existing loan

Alaska Selling with owner financing and an existing loan

New to Real Estate · Wasilla AK · Member since 2022 · 1 post · 0 votes

I'm selling my current primary home For Sale By Owner.  I received a compelling offer that would require me to owner finance, however I currently have a mortgage.  Without giving specifics, this is a lucrative enough deal that I would like to see to the end.  I have contacted my mortgage company, and they are fine with it, so along as I keep the deed and title in my name until the property is paid off.  Home insurance gets a little tricky but I'm working through that as well.

What I need help with, is the terms and and conditions agreement of repayment including default, late fees, and all the other GOTCHAs!  I've got several calls out to local attorneys/real estate gurus trying to find someone who can review what I have drafted up.  I haven't received a phone call back, so I'm getting impatient.

Does anyone have any contacts in Alaska, or licensed in Alaska, the works on owner financing deals that may be able to help assist me?

Thanks for any info!

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Jamie RoseBusiness Member
Real Estate Agent · Anchorage, AK · Member since 2017 · 294 posts · 182 votes
3y

@Shane Linse - I do some owner financed work - and am a licensed agent. If you want to send me what you've got I could take a look for you. 

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  • Jamie RoseBusiness Member
    Real Estate Agent · Anchorage, AK · Member since 2017 · 294 posts · 182 votes
    3y

    @Shane Linse - I do some owner financed work - and am a licensed agent. If you want to send me what you've got I could take a look for you. 

  • Real Estate Agent · Member since 2019 · 58 posts · 42 votes
    3y

    Hey @Shane Linse,

    I've done a deal exactly like this for my personal portfolio and recently sold it, I'm also a license agent in Alaska. If you'd like to connect, I'd be more than happy to send you the contract I signed if you'd like.

    Hope this helps!

  • Lender · rate.bid · Member since 2022 · 324 posts · 62 votes
    3y

    You can send a private message to discuss.

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