Getting in touch with a real estate lawyer from Farah Law Firm is the first step in giving you the asset protection you need. Don’t discover the value of such services after the fact.
Since the mortgage crisis that took place in 2009, it can be quite difficult to purchase a new home or sell your existing home or property in the Dallas-Fort Worth area. Due to new government regulations affecting the mortgage industry, even people with good credit sometimes have to deal with higher interest rates and even bigger down payments. But those with lower credit scores are almost always faced with the extremely high interest rates that come with getting a subprime loan, which is generally the only option for people with low credit scores. As a result of the regulations and stricter policies implemented by financial institutions, owner financing has become a popular alternative for the many people who fail to qualify for traditional financing.
Before you can make a real estate owner financing transaction with a potential buyer, it might be a good idea for you to provide a loan application. The Farah Real Estate Law Firm can help you create such a loan document for your real estate owner financing transaction. Loan applications are for your own protection and can help you make a wise decision.
When working with your real estate attorney to draft the terms of the loan, it is important to consider the amount and implications associated with the down payment. A down payment is critical, since it can lower the risk of losing a large amount of money. In addition, the initial investment ensures that the buyer will be more committed to maintaining and keeping the home in good condition. In order to negotiate the best price for your needs, it’s best to rely on our real estate lawyers, who know the intricacies of owner financing contracts.
“Michael, I would like to express my thanks to you and your entire team for all your hard work in getting my case to a fair and generous settlement. I could not have asked for better legal representation for the long and nerve-racking process of my case. You are very compassionate, nice, and extremely good at what you do. I respect your dedication representing the victims of a personal injury cases.”
“The Farah Law Firm has an extensive knowledge of business entity transactions in Texas and had kept my transaction moving smoothly and in the right direction. Thank you Michael for making the process easy.”
“Michael drafted the lease that we will use for our commercial building. He had great communication, was readily available to answer any questions we had, and was very professional. He wrote us a lease that fit our need and I will definitely work with The Farah Law Firm again in the future.”
“I hired The Farah Law Firm for the non-traditional sale of my residential property. The Farah Law Firm’s professionalism and outstanding knowledge of residential transactions made the sale go smoothly. The Attorneys and staff at the Farah Law Firm were understanding and took the time to explain each step of the process. They will be the ones who I will refer to all my friends and family for any future legal endeavors.”
*Please note: Due to the costs involved and the favorability of land in Texas per contract and common law, we currently are not accepting residential tenant defense cases.
“I was referred to The Farah Law Firm by a friend of mine when I was injured in an auto accident. I am so glad that my friend referred me to Michael and his extremely helpful team. They were not only successful in getting my settlement but also helped me find great doctors to aid in my recovery from the accident. I highly recommend The Farah Law Firm.”