[WSBAPT] seller-financed real property sale

[John McCrady]

Both Federal and State laws can apply to seller financing

Barnes Walker has an article on the Dodd Frank Act applicability to Seller Financing, which can be found here:
https://barneswalker.com/seller-financing-restrictions-under-the-dodd-frank-act/


The Washington Consumer Loan Act also has applicability, here is an article on that:
https://dfi.wa.gov/residential-seller-financing



John McCrady
Counsel
Puget Sound Title Company
5350 Orchard Street West
University Place WA 98467
253-476-5721
j.mccrady at pstitle.com

From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Sharon Rutberg
Sent: Tuesday, February 12, 2019 8:45 AM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] seller-financed real property sale

Good morning -

I hope everyone is keeping warm and dry. I would appreciate hearing from someone who could walk me through the steps of a seller-financed house sale. Clients want to sell their home to neighbors, who will make a down payment and then pay mortgage payments to the sellers. This seems to be a "do it yourself" transaction and I want to be sure they are doing it properly.

Many thanks,
Sharon

Sharon C. Rutberg, Attorney at Law
Salmon Bay Law Group, PLLC
1734 NW Market St.
Seattle, WA 98107
206-735-3177, ext. 2
sharon at salmonbaylaw.com<mailto:sharon at salmonbaylaw.com>
Website: www.salmonbaylaw.com<http://www.salmonbaylaw.com/>
Washington State Bar #47055

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