Need title & loan servicing recommendations for seller financing
I have a potential multifamily deal in Los Angeles with the seller willing to finance. High level, I understand how the seller financing works, but dont know the granular stuff of how to get it into an agreement and serviced. Are there specific title companies locally more familiar with seller financing? And who does the loan servicing and collect the payments? Anyone who has done this in Los Angeles I'd appreciate any tips.
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Hi Kevin,
I happen to know an Escrow officer that can arrange the entire deal. She works for a title company, so you can get title insurance all in one place.
If the seller is comfortable with an interest only loan then you can pay him directly without Him having account for the loan amortizing .
If He want a full amortizing loan , and is willing to pay the servicer I have a company in Anaheim who does this.