what to look for in owner financing agreements
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what to look for in owner financing agreements

My sister and her husband were looking for a house near my house so that I could help with their newborn baby while they work. We were fortunate to find a house that was up for sale or available to rent. The owner said that he would allow them to purchase the home through him using an owner financing agreement. This made me a little nervous because I had read a few stories about people getting ripped off using this method of home buying. That is why I paid for my sister to have a real estate attorney to work with. Visit our blog to learn what to look for in owner financing agreements to protect yourself from loss.

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what to look for in owner financing agreements

  • 4 Reasons To Hire A Real Estate Attorney For Your Business

    11 December 2017

    Choosing the right location for your company is one of the first things you will want to do. This is where you will conduct your business and work to get the customers and clients you need for success. However, it's essential to hire a legal professional to assist you with this task to avoid any significant issues that could occur otherwise. Knowing some of the top ways a business attorney can help with any real estate transaction may be helpful to you.

  • Why Your Parents' Trusts Lawyer Cannot Talk To You

    22 June 2017

    When you know that your parents have created a trust fund for you, it is difficult to think of anything else and even more difficult to wait for it. This may be the very reason why your parents set up trust funds for you and your siblings; to teach you patience and/or wait for you to gain emotional maturity. Whatever your parents' reasons, you know the trust fund is there. However, you cannot talk to your parents' trusts lawyer to find out anything about the trusts.

  • Will the Seller Give Back Your Earnest Deposit If You Back Out of the Home Purchase Agreement?

    10 April 2017

    When you make an offer on a home, one of the thoughts that likely never crosses your mind is that you might want to back out of the purchase at some point. However, it happens. Regardless of the reason for your need to pull out of the agreement, you need to handle the situation carefully. Your earnest money is on the line, and in certain situations, the seller is entitled to keep it. Here are some ways you can back out of the agreement.

  • 3 Ways A Probate Attorney Can Help You With A Will

    15 November 2016

    Have you ever thought about what would happen if you were to pass away? It may seem like a grim thought to have, but preparing for the unpredictable future is always important. Unfortunately, things can often become complicated when a person passes away and leaves behind several things, including different types of property, such as vehicles and homes. If you passed away, some of your closest family members may begin arguing over who gets what.

  • 3 Things You Need to Know About Buying a Short Shale Property

    17 December 2015

    When it comes to buying a new property, many people forget to consider short sales. However, short sales can be a very profitable purchase if you know what how to navigate the process. To help you with this, below are three things you need to know about buying a short sale property: You Can Grab a Bargain The whole logic behind a short sale is so that the current owner can avoid foreclosure and the lender can gain back some of the money that would otherwise be lost if the owner was forced to foreclose their home.