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If first mortgage financing by a family member makes sense in your particular case, a first mortgage may be drafted by either a title company experienced in drafting first mortgages or a Real Estate Attorney. It is important that both the Mortgagee ("the bank") and Mortgagor (the borrower) discuss issues of ...
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Financing a home through a family member may have pitfalls. To simply and securely make arrangements for a family member to finance a new home purchase or refinance an existing home, it is critical that you utilize a professional Real Estate Agent and/or an Attorney and a title company that offers expertise in family ...
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