Phoenix, AZ asked in Real Estate Law for Tennessee

Q: In Tennessee, can an individual act as a lender in issuing a mortgage and if so are there any limitations?

someone is offering to purchase a house for me, where I in turn would pay them the mortgage plus taxes and insurance at an additional 5 % interest rate.

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1 Lawyer Answer
Anthony M. Avery
Anthony M. Avery
PREMIUM
Answered
  • Knoxville, TN
  • Licensed in Tennessee

A: Not sure of your question. Anyone can be the payee on a Note secured by a Deed of Trust. It appears that you may need the services of a competent TN attorney that will put it all together. You need an attorney that will represent you.

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