what needs to be filed to be sure they are paid

Get Legal Help Today

 Secured with SHA-256 Encryption

what needs to be filed to be sure they are paid

i am buying a house from my in laws they are financing it themselves but want some assurance that they are going to be paid what needs to be filed to give them some assurance?

Asked on July 7, 2009 under Real Estate Law, Pennsylvania

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 12 years ago | Contributor

I am not admitted in PA but you should go and see an attorney for help with this to make sure that it is done correctly.  Ask the attorney to prepare a contract for sale and a mortgage note for filing.  He/she can also prepare the deed transfer to your name which should be filed to protect you as well.  Although everything is amicable now things can turn unexpectedly.  Doing this without the help of an attorney is not wise.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

 Secured with SHA-256 Encryption