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Owner-Carry Transaction Timeline

Owner carry timeline 2016Here is a look at an Owner Carry Transaction Timeline that starts once a Seller Decides To Owner-Carry and finds a buyer for the property.  Click Here To Download The PDF

Day 1

  • Seller Contacts Note Pro To Structure Note BEFORE Writing Contract.
  • Seller Contacts Loan Officer For Instructions On Buyer Qualifying.

Day 2

  • Buyer Contacts Loan Officer and Fills Out Online Application.

Day 3

  • Buyer and Seller Sign Contract For Sale.

Day 4

  • Buyer Provides Financial Data To Loan Officer Including Assets, Income & Liabilities.

Days 6-12

  • Loan Officer Requests Hard Copies of Seller Assets, Income & Liabilities From Vendors and Reviews Provided Documents.

Day 7

  • Title Company Receives Contract.

Day 12

  • Loan Officer Gives Seller Files With All Buyer Documentation

Days 12-13

  • Title Company Collects Title Data and Contacts Servicer.

Days 13-14

  • Seller Reviews Documentation From Loan Officer.

Day 16

  • Buyer and Seller Go To Closing.

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  • About Us
  • Owner-Carry Transaction Timeline
  • Seller Carry Loan Risk Comparison
  • Seller Financing Dodd Frank Flow Chart
  • CFPB Seller Financing Explained
  • CFPB Penalties
  • CFPB 3 Day Disclosure Rules
  • ATR Ability To Repay

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Pat Billheimer, NMLS #1172852
Oasis Mortgage, LLC
AZ License #MB-0932989
2830 E Brown Road, Suite 17
Mesa, AZ 85213

Phone: 480-800-3523
Cell: 480-878-3633
Efax: 480-800-6547
Email: pblhmr@gmail.com

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