What can lawyer do on sub 2
I am a begenning investor trying to put my "team" togeather. I have a few question on an, unfortunatley, fictional deal.
Suppose I "assumed" a 30K mortgage and also gave a second mortgage to the seller for 20K - the numbers are not important.
What I would like to know is what type of paperwork is necessary and who does it? If there is no agent involved, where or how do you get a sales contract? Carlton? If you have a contract that states the above parameters then do you give it to a lawyer and let them come up with the second mortgage agreement as well as all of the other closing items? I live in Georgia and apparently we use lawyers instead of title companies. What about the limited power of attorney for dealing with the mortgage on the subject to?
I know these are sort of vague questions, and I appreciate anyone who can take soom time to shed a little light.
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