Buyer makes last payment soon.
The buyer will make his last payment to us soon. What is the next step?
Thanks for submitting your question. If you’re referring to the last payment on an owner financing deal, then I would provide the buyer a receipt and consult with your real estate attorney and a title company so you can schedule the settlement where the deed is recorded in the buyer’s name once his last payment is cleared. The attorney or title agent will also be able to draw up the necessary paperwork you and the buyer will need to finalize the transaction.
All the best,