When seller financing is part of the real estate deal, you need to call Selby Legal

Real estate transactions sometimes include seller financing, when instead of borrowing money through the banking system to buy the property, the current owner agrees to take the money over time. There are a number of reasons why a buyer and seller may agree to one of these arrangements, but these deals have legal issues that may be unfamiliar to even an experienced real estate attorney. Because I have extensive experience in bankruptcy law and foreclosure defense, I am very familiar with the documents that must be drafted and reviewed to close one of these transactions.

Seller financing can be structured in a number of ways, including lease-purchase agreements and purchase money mortgages. There is no bank attorney drafting the documents that will be needed to protect the parties going forward, which is where my legal experience sets me apart. I’ve gone over mortgages word by word to understand what rights the borrower and lender each have, and I bring that knowledge to bear for my client. Whether I am representing a buyer or a seller, I can advise on the type of deal that will best protect my client’s rights and negotiate terms. Since I regularly appear in bankruptcy court, I also know how to evaluate a buyer’s ability to continue to pay according to the agreement before anyone signs it. My knowledge of more than basic real estate law allows me to advise someone who is considering a seller-financed real estate transaction.

If you are ready to buy or sell real estate, I am always willing to schedule a free consultation to discuss your needs.