I HELP BROKERS
STRUCTURE SELLER FINANCED DEALS
Brokers are licensed to write up standard transactions using multiple listing association forms. A seller financed deal requires teminology which the standard forms do not cover. There are a lot of moving parts in a seller financed deal.
No two seller financed deals are alike, whether they are wrap-around deed of trust deals, assumption deals, or lease option deals.
That’s where I come in. The broker writes a draft purchase agreement and then adds this wording: “This is a good faith letter of intent at this point. It will become a binding contract after additional seller financing terms are added and clarified by a licensed attorney”.
Then the broker should call me. We will figure out together how to get the transaction reworked and into closing.
I ran an escrow department in my law office for twenty years. I ran Deal Mortgage Corporation for four years. I am still a licensed mortgage loan officer, although my license is inactive. I still do mortgages but only commercial mortgages.
I have a varied background in real estate law and mortgage law, and so I can be a lot of help in figuring out how to put deals together and get them closed.
Feel free to call me if you think I might be able to help. I do not charge for initial inquiries.