Making Seller Financing Happen
For sale by owner (also called FSBO, rent to own, owner financing and seller financing) is an option many homeowners are turning to as the Texas real estate economy continues to change and buyers are unable to obtain bank financing.
Without this option, many for-sale properties stay too long on the market. With owner financing, home sales often go through.
Structuring the mortgage yourself is not as difficult as you might imagine, especially if you have an experienced seller financing attorney helping with the paperwork.
Our real estate lawyers can set you up with the financing structure that best meets your needs. Common options include:
- Simple owner finance, where you become the lender.
- Wraparounds, where the buyer makes payments to the seller and the seller makes payments to a bank.
The right legal guidance can help you understand and implement what is right for you.
Assisting You With All The Issues Of Owner Financing
Owner financing involves more than placing a for-sale sign on the lawn. There are right and wrong ways to finance the sale of your home. We can provide you the advice you need.
Recent laws such as The Dodd-Frank Act prohibit certain practices in owner financing. We can help you steer clear of these practices and stay on the right side of state and federal laws. Our job is to expedite the sale of your home and prevent title issues, transaction errors, massive paperwork and delays. You can also run credit checks on buyers to lower your risk exposure.
We suggest you call us at The Weaver Law Firm to discuss your situation. Located in Houston, we work with clients from Beaumont to San Antonio.