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Updated about 8 years ago on . Most recent reply

User Stats

10
Posts
3
Votes
Michael Wilson
  • Investor
  • Greenville, SC
3
Votes |
10
Posts

Owner finance - no recorded deed

Michael Wilson
  • Investor
  • Greenville, SC
Posted

I am likely closing on my first owner finance deal in the next month. The owner has agreed to carry 126k on 5 properties that is in his portfolio with agreeable terms.

The one issue I have is that he is wanting to use an articles for deed non-recorded as title proof. 

I have no personal experience with doing this. I understand why it is safe and beneficial for the seller. I am wondering what are the ramifications for me as the buyer. 

Any insight would be great appreciated!


Thanks,

Mike Wilson

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