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Updated 4 days ago on . Most recent reply

Ngozi Iwunze's profile image
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Ngozi Iwunze
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Ngozi Iwunze
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Creative Real Estate Financing

Seller financing -lender

Ngozi Iwunze
Posted

For private seller finance lenders, how do you track the payments and loan amount? 

what are some clauses you have to protect yourself and property? 

what are the do's and don't. 

this is my first time. Thank you 

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Replied

Use a servicer to service the loan - do not self service. Hire an attorney to draft your docs for you. Use an RMLO if this will be a consumer loan. 

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