On 1/28/2014 9:39 AM, Mr. Luddite wrote:


Not difficult at all. I basically wrote up the terms and conditions
myself and then had it reviewed by our accountant. He actually drafted
the formal mortgage agreement. He didn't change a thing and gave it his
thumbs up of approval.

Listen, I am gonna' come right out and ask...even though I understand I
have no ground to ask any more favors from you... but anyway. Would you
consider stripping any personal info out of one of those agreements and
sending it to so I may study the structure and
protocol and contents? Thanks...

I checked with our attorney to make sure there were not any unique
requirements or legal issues we didn't know about. That's when he told
me that in the case of default a seller financed mortgage is much
easier to foreclose upon than a bank mortgage. He also said it was a
good deal for both parties and handled the closing that was very informal.


Yes, I am sure my local laws might be different, but the same
protections surely would be desired, just might have to go about them
differently here.. But I am sure your agreement would be a great start
for us...