|
This arrangement can make your offer of sale much more attractive however, when considering this option, it is important to educate yourself on current requirements / regulations that may apply, as well as all considerations for entering into such an arrangement, such as risks and costs associated with any enforcement or defense, should a breach occur after completion of sale.
Such an agreement is between BUYER and SELLER exclusively.
This firm recommends the following:
SELLER - Seek professional qualified legal advice in order to construct all terms desired within the financing portion of your transaction. We will not assist in document completion or language on terms. We recommend using C.A. R. form SFA in addition to any legal documentation.
BUYER - Seek professional qualified legal advice to review proposed terms of the financing and ensure they meet expectations personally as well as compliance with state and federal loan regulations.
Any agreement reached between parties regarding seller financing will be negotiated solely between the parties involved. Brokers and Agents will provide related C.A.R. forms if needed and assume no liability for such agreements nor shall they advise on seller or buyer loan terms in any capacity.
|
