Legal Question in Real Estate Law in Arizona
owner will carry loan
If the tenets want to purchase the home and I want to carry rhe loan is there a certain form for this or who would I have write this to be far with both parties? Tahnk You
Asked on 11/13/06, 9:24 pm
2 Answers from Attorneys
Cheryl Rivera Smith
The Smith Law Firm
Re: owner will carry loan
Go to a title company and they can help with the documents. It should be substantially less than what an attorney would charge. I have had great experiences in Arizona with Fidelity National Title.
Answered on 11/14/06, 8:42 am
James Jenkins
Jenkins Law Center PLC
Re: owner will carry loan
Promissory Note secured with a Deed of Trust that is recorded should do. Risky to do it yourself. Upon default, you will be glad documentation done by an expert.
Answered on 11/14/06, 1:16 am
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