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On 1/28/2014 12:09 PM, KC wrote:
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... I don't have any of the original electronic files (they were done on a computer from years ago) but we have the original hardcopy documents. I'll find the one that had the "penalty" clause in it because it was the more complex of the two and I'll scan it, electronically white out any non-pertinent sections and send it to you. Might take a day or two. Mrs.E. has all that stuff and I'll have to ask her to dig it up. |
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