Owner Seller Financing

In an Owner seller Financing Transaction, the seller of the property takes the place of a traditional bank  and instead of receiving the full amount of the sale proceeds;  the seller under the transaction receives a note and mortgage for promise to pay from the buyer.   The sellers in a Owner/seller Financing  often get  some portion of the proceeds in cash paid by the buyer as a down payment.

The terms of the note/mortgage in this type of transaction can vary, depending on the terms that are agreed to between the buyer and seller.

At Fairway Title Company our Attorneys and staff can prepare the Note and/or Mortgage with the repayment terms a Buyer and Seller agree too.