MAKE THE DOCUMENT WORK FOR YOUR SITUATION
About this owner financing purchase & security review draft
Compare proposed seller-financing structures, title timing, payment schedules, security, existing liens, servicing, insurance, tax responsibilities and default procedures before closing. This editable template brings the key details into one document: property & financing structure, payments, affordability & servicing, title protection, upkeep & defaults, review, official forms & next steps. Complete it online, compare the live preview with your records, and download a blank or completed PDF or editable Word document.
What the template includes
The online builder and downloaded documents use the same fields. A selected state can add relevant research prompts. Complete only applicable items; add explanations for exceptions rather than assuming a blank entry resolves them.
Document details4 inputs +
Set the date, jurisdiction, and your internal reference.
- Document date *
- US state *
- County
- Document reference
People & organizations8 inputs +
Use legal names and current contact information.
- Buyer / borrower legal name *
- Buyer / borrower address *
- Buyer / borrower email
- Buyer / borrower phone
- Seller / proposed lender legal name *
- Seller / proposed lender address *
- Seller / proposed lender email
- Seller / proposed lender phone
Property & financing structure10 inputs +
Title retained by a seller and a deed plus mortgage are different structures.
- Property address and legal description *
- Verified title owner *
- Title search or commitment reference
- Purchase price (USD) *
- Proposed down payment (USD)
- Proposed financed principal (USD)
- Proposed structure
- When title would transfer and evidence required *
- Proposed security document and priority
- Existing liens, balances and lender consents
Payments, affordability & servicing12 inputs +
Enter proposals. This builder does not calculate APR or establish lending compliance.
- Proposed annual interest rate and review
- Rate type proposed
- Proposed repayment term
- Amortization schedule attachment reference
- Proposed regular installment (USD)
- First payment due date
- Balloon amount and due date, if proposed
- Prepayment and payoff proposal
- All proposed fees and late charges for legal review
- Independent affordability and refinancing questions
- Payment servicer and verified payment channel
- Receipts, account statements and payoff request process
Title protection, upkeep & defaults10 inputs +
Do not assume nonpayment permits immediate repossession or forfeiture.
- Tax payment and escrow arrangements
- Insurance arrangements and lender interests
- Inspection, repair and maintenance responsibilities
- Buyer interest and security recording review
- Default grounds and notice/cure requirements to verify
- Applicable foreclosure/forfeiture/remedy procedure questions
- Protection if seller fails to transfer title or pay prior debt
- Required credit disclosures and notices to verify
- Seller, broker and originator licensing/exemption review
- Closing professional and required final documents
Review, official forms & next steps6 inputs +
Identify who will prepare the final document and which official requirements remain unresolved.
- Professional reviewer and contact
- Required official form or agency reference
- Unresolved questions
- Supporting documents and versions
- Action owners and deadlines
- Review date
How to complete it
1. Document details
Set the date, jurisdiction, and your internal reference. Review document date, us state, county, document reference against your source records.
2. People & organizations
Use legal names and current contact information. Review buyer / borrower legal name, buyer / borrower address, buyer / borrower email, buyer / borrower phone and the remaining details against your source records.
3. Property & financing structure
Title retained by a seller and a deed plus mortgage are different structures. Review property address and legal description, verified title owner, title search or commitment reference, purchase price (usd) and the remaining details against your source records.
4. Payments, affordability & servicing
Enter proposals. This builder does not calculate APR or establish lending compliance. Review proposed annual interest rate and review, rate type proposed, proposed repayment term, amortization schedule attachment reference and the remaining details against your source records.
5. Title protection, upkeep & defaults
Do not assume nonpayment permits immediate repossession or forfeiture. Review tax payment and escrow arrangements, insurance arrangements and lender interests, inspection, repair and maintenance responsibilities, buyer interest and security recording review and the remaining details against your source records.
6. Review, official forms & next steps
Identify who will prepare the final document and which official requirements remain unresolved. Review professional reviewer and contact, required official form or agency reference, unresolved questions, supporting documents and versions and the remaining details against your source records.
Practical tips
- A low installment can conceal a large balloon obligation.
- Do not assume a private seller is exempt from lending laws.
- Record actual payment evidence and request independent title review.
Before signing or submitting
This is an original preparation and professional-review draft. It is not an official state form, certified instrument, filing service, or assurance of enforceability. State and local requirements, required language, disclosures, signatures and delivery procedures must be checked before using a final document.