Legal Question in Real Estate Law in Pennsylvania

We are hoping to purchase a home from an owner, who will personally finance the mortgage. Is there a contract form to specify and secure the interests of both parties?


Asked on 10/31/09, 9:12 pm

1 Answer from Attorneys
John Davidson Law Office of John A. Davidson

Yes. The owner would want you to execute a promissory note that would obligate you to pay on the loan. In addition you will execute a mortgage that allows him to foreclose on the property if you don't pay on the note.

{John}

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Answered on 11/06/09, 8:53 am


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