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16
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3
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Ngozi Iwunze
3
Votes |
16
Posts

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 

Most Popular Reply

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1,319
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1,134
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Patrick Roberts
  • Lender
  • Charleston, SC
1,134
Votes |
1,319
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Patrick Roberts
  • Lender
  • Charleston, SC
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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