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Started By
Message
re: Buying A Home With Owner Financing
Posted on 7/24/19 at 10:23 am to Litigious Tiger
Posted on 7/24/19 at 10:23 am to Litigious Tiger
quote:
How was this confirmed? I see it all the time-people do not know (or claim not to know) about judgments/liens against them until I do the title work.
It hasn't been but for the sake of this thread I assuming that beings he built the home 50 years ago and just donated 2 million dollars to his alma mater he has no open mortgages or encumberances.
quote:
You can bet someone[heir or entity receiving his estate] will be looking to settle and collect once he passes. I'd just make sure you are ironclad on the length of the loan and cant be forced to settle once he passes
Thats my main concern. As I mentioned earlier, I will have an experienced real estate attorney work out the details and make sure I am not exposed later on to calling the loan or settling. I assume all of that can be written into the contract.
1
Posted on 7/24/19 at 10:26 am to LSUDbrous90
quote:
Thats my main concern. As I mentioned earlier, I will have an experienced real estate attorney work out the details and make sure I am not exposed later on to calling the loan or settling. I assume all of that can be written into the contract.
I am not a lawyer, but you might also talk to an estate attorney if the RE attorney has no experience with them
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