How to handle a private mortgage?

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.

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.