Advice Topics
- Buying (208)
- Selling (216)
- Renting (41)
- Market News & Trends (12)
- Finance & Legal Info (97)
- Tips & Advice (98)
- Working With an Agent (54)
- Marketing (4)
- Investing (16)
- Affordable Housing (19)
- Green Housing (2)
- Schools (1)
- Remodeling (32)
- International Real Estate (8)
- Terms & Definitions (27)
- Home Loans (16)
Top Contributors (View All)
Find a Top Real Estate Agent Near You
How to handle a private mortgage?
My mother (passed) signed a " Purchase Money Mortgage" with her sister and brother in law. I need to know how to find out the actual payments and how much is still owed?
Asked By Tammy R. | Brooksville, FL | 697 views | Finance Legal Info | Updated 3 years ago
Answer(2)
Amanda Courtney
REP Realty Group
If you’re borrowing from or lending to a private individual, have an attorney draft a promissory note and record a mortgage or deed of trust. This protects both parties and clearly outlines repayment terms, interest, and recourse if default occurs.
- 1 month ago
Helpful (0)
Unhelpful (0)
Lynne Pruell
Realty 100 LLC
Contact the mortgage lender. If you are unable to fnd the information you need in the mortgage documentws, you may need to contact the mortgage lender directly. They should be able to provide you with information about the remaining balance on the mortgage, escrow and payment history.
- 2 years ago
- Helpful (0)
- Unhelpful (0)
Are you ready to find a top agent near you?
Browse profiles of the highest ranked agents in your area and find one that meets your specific needs.
Related Questions
-
If I sell my home, will my boyfriend receive part of the sale?
I wanted some clarification before deciding to put my home on the market. My boyfriend and I purchased a home together several years ago. We split up so he signed a quitclaim deed but is obviously still on the loan. If I want to sell my home that I have been making payments on myself for the last 8 years. Does he need to sign anything and would he be entitled to any of the sale money?
- Asked by Eileen K.
- 1453 views
- Finance & Legal Info
- Updated 1 month ago
-
Can the new owner of the rental property I live in kick me out?
The rental property that I'm living in now was sold to a new owner. The new owner wants to kick me out, remodel the unit, and re-rent the unit for a higher price. Is that legal?
- Asked by Mario S.
- Los Angeles, CA
- 1445 views
- Finance & Legal Info
- Updated 3 years ago