Found a house in Concord, that is for sale as a rent to own. Anyone know a real estate lawyer in Concord who handles this kind of thing?

Asked by Monkeymum, Bedford, NH Sun Mar 11, 2012

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4
Dwight Keeler, , Concord, NH
Tue Jan 15, 2013
Atty. Patrick McNicholas.
1 vote
Dana Curtis, , Manchester, NH
Sun Mar 11, 2012
You can call Rich Askins from Priority Title at 603-226-9300. Let him know Dana referred you. He's a great guy.
0 votes
Scott Godzyk, Agent, Manchester, NH
Sun Mar 11, 2012
Monkeymum Lease purchases are usually handled by Real Estate Agents and not lawyers. If the seller has the home listed then you can choose to have an agent work on your behalf or use an attorney to review the lease purchase docs provided by the listing agent. Most sellers will not use a lease or purchase agreement that the buyers attorney draws up as it needs to protect the seller as well. You shold first be prequailified for a mortgage, you need to know that you can afford the monthly payment and sales price. You need to know what it will take to get a mortgage and how long it will take for you to accomplish it as the lease needs to be at least that long. lastly make sure you protect yourself as the deal is real, do not lease sight unseen, do not wire money overseas, do not mail money to out fo town or out of country owners. make sure the house is not in foreclosure and the owner is indeed the owner. good luck with your lease purchase
Web Reference:  http://www.ScottSellsNH.com
0 votes
Wow, when title to real estate is involved, you should never give real estate advice unless you are an attorney. You are way over your head and your advice is wrong. Lease-purchase agreements ARE handled by attorneys. In fact, for you to advice someone on the legality of a legal document is practicing law without a license.
Flag Fri May 17, 2013
Wow, when title to real estate is involved, you should never give real estate advice unless you are an attorney. You are way over your head and your advice is wrong. Lease-purchase agreements ARE handled by attorneys. In fact, for you to advice someone on the legality of a legal document is practicing law without a license.
Flag Fri May 17, 2013
Wow, when title to real estate is involved, you should never give real estate advice unless you are an attorney. You are way over your head and your advice is wrong. Lease-purchase agreements ARE handled by attorneys. In fact, for you to advice someone on the legality of a legal document is practicing law without a license.
Flag Fri May 17, 2013
Chuck Braxton, Agent, Meredith, NH
Sun Mar 11, 2012
Hello:

Congratulations. I probably have handled more rent to own (lease-purchase) transactions in our offices of 45 agents than anyone else. In my experience, successful completion of a this kind of transactions depends upon thorough communication among all parties involved: you as the buyer and your agent if you have one, the seller, the seller's agent if there is one, the brokers who supervise the buyer and seller agents, and the lender who will eventually support your purchase. If the communications are incomplete before you get an attorney involved, you can spend a lot of money on the attorney getting everyone onto the same page. You might be interested in my article here http://db.tt/ejkqY2YL entitled Understanding the Lease Purchase. It is written from the perspective of buyer and seller as a tool to start the communication process off smoothly. Where things can get derailed is when any one of the above parties says, Why am I doing this? Better to get all parties fully into the tent at the outset.
Note that a key recommendation of my article is to have a lender involved at the start even if you do not qualify for a mortgage today. I have seen deals blow up after a few years because the lender came to the party late and then rejected the lease-purchase agreement that was put in place earlier. You will want a loan originator who will go the distance with you and who is working for a financial institution that has a square-away back office.
I have developed a process flow and set of additional tools to enable smooth communications among the parties that will help streamline the contributions that an attorney needs to make to put together your transaction. Glad to share details with you or your agent. As far as working with an attorney, you want someone who has been there and has a common sense approach to the law. I will be glad to share attorney contacts with you as well. While these folks may be located north of Concord, they are accessible and responsive.
Warm Regards,

Chuck Braxton, REALTOR GRI
603/677-2154
Web Reference:  http://www.ChuckBraxton.com
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