If I sale a home true Owner finance. Can I protect my l self if the buyer signs a deed in lieu in the contract? In case of default?

Asked by ji6060, Las Vegas, NV Sun Jul 15, 2012

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Guy Gimenez, Agent, Austin, TX
Mon Jul 16, 2012
This is a purely a legal question that should be addressed by legal counsel. My question though would be this. If your documents are properly drafted in the beginning, you will have all the protections you can possibly have and therefore minimize your risks. The real issue here is to make sure you're not trying to do this without an attorney since the documents will make or break an O.F. transaction.
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Terri Vellios, Agent, Campbell, CA
Sun Jul 15, 2012
This is a legal question and best asked and answered by a professional Real Estate Attorney.

Invest a little money in a consultation with an attorney and have him draw up the papers so that you have the peace of mind and properly prepared documents.
Web Reference:  http://www.terrivellios.com
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