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Updated over 16 years ago on . Most recent reply

User Stats

50
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0
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Joe Shively
  • General Contractor
  • Greenville, PA
0
Votes |
50
Posts

Seller 2nd's

Joe Shively
  • General Contractor
  • Greenville, PA
Posted

I'm buying a property that the seller is carrying the 20% down. I was wondering how that works and what forms I need to use? Is this just a simple promissory note? What other paperwork is involved and how do they get there name listed on the deed in the second position under the bank? Also do I need a real estate attorney to do the closing or should I do it at a title company?

Sorry for so many questions just trying to get it all figured out!

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