The seven documents every seller carryback note holder must have in place — from the promissory note and deed of trust to the loan servicing agreement and amortization schedule — and how professional servicing protects each one.
Seven documents determine whether a seller carryback note is enforceable and compliant. Learn what each one does and why professional servicing protects every private lender.
A seller carryback transaction requires seven core documents — promissory note, deed of trust, purchase agreement addendum, disclosure statement, loan servicing agreement, escrow instructions, and amortization table. Here is what each document does and why missing any one exposes the seller-lender to compliance risk.
Seven documents form the legal backbone of every seller carryback transaction. Learn what each one covers, where lenders go wrong, and how professional note servicing protects your lien from boarding through payoff.
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