Lawyer for Owner-Financed Real Estate Purchases in Charlotte

Since the 2009 mortgage crisis, it has become increasingly difficult to buy a property in the Charlotte area. Due to stricter laws and practices imposed by financial institutions, owner financing has become a popular option for many people who are unable to qualify for traditional financing. It is best to consult with our real estate attorneys, who are well-versed in the complexities of owner financing arrangements.

Owner financing is a technique for financing real estate acquisitions that is an alternative to traditional bank financing. Owner financing arrangements are frequently governed by complex and highly technical real estate rules and regulations. The Nye Law Group can assist you in drafting a loan agreement for your owner financing real estate Purchase.

Common Owner-Financing Disputes

While owner financing agreements can provide significant financial flexibility and benefits to buyers, they can also have negative consequences. You must contact a Charlotte real estate attorney as soon as possible. Here are some of the most common reasons for these disputes:

• Disputes over contracts for deeds.
• Violation of the owner’s financing agreement.
• Disagreements over down payment.
•  Wrongful foreclosure claims.

The good news for buyers is that they will be able to close the deal faster. They will also have to pay fewer fees, such as appraisal fees or bank charges. Unlike traditional loans, there is no minimum down payment, which provides additional opportunities.

The Need for a Real Estate Lawyer in Financed Sales

Disagreements over owner financing can be avoided if the negotiation process is conducted with care and transparency. In order to avoid any problems during the negotiation, both parties should generally be represented by attorneys. The presence of lawyers can help the parties reach a mutually beneficial agreement.

In addition, accurate disclosure of financial history and valuation methods can help prevent fraud and deception. A lawyer can review the case, as well as any contract, and advise you on your rights and options. If necessary, he or she can also help you present a case and defend you in court.

Contact an Owner-Financing Lawyer Today

Owner financing is a viable alternative for buyers and sellers when buying real estate. Owner financing solutions allow buyers with less than perfect credit or who do not meet the other requirements of traditional financing to obtain a loan. While there are many factors to consider before choosing owner financing, understanding the basics will help you choose the best option for your specific situation.

Creating the best owner financing contract for your specific location and needs can be difficult, but with the help of The Nye Law Group, you will get a contract that meets your goals. Schedule a preliminary consultation by calling 912-200-5230 or by completing the online contact form at the bottom of this page.