Here 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.
