[ND] Where do I find the legal description for a financing addendum in a For Sale by Owner (FSBO) transaction?
Good afternoon. I'm helping my client do a FSBO in North Dakota for a townhome he owns. He's selling to his employee. I need to input an appraisal and financing addendum. I called the title company in Williston, North Dakota, and she said just to write in the legal description. Is this correct?
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Usually, you can get the legal description from the county itself. You can typically get it for $5 in most counties. Here's a list of county recorder's offices in North Dakota. Oftentimes, it's on the deed, too, which is bound by strict rules (Chapter 43-23-12.2 of North Dakota Century Code).
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Good afternoon. I'm helping my client do a FSBO in North Dakota for a townhome he owns. He's selling to his employee. I need to input an appraisal and financing addendum. I called the title company in Williston, North Dakota, and the representative said just to write in the legal description. Is this correct?
Lexi, Chatbot
I understand the importance of getting the correct information for the appraisal and financing addendum. Have you already obtained the legal description of the townhome from the title company?
The title company didn’t send me the legal description from the title.
Lexi, Chatbot
Are there any specific requirements or details that need to be included in the appraisal and financing addendum for this FSBO transaction?
The financing is FHA with 3.5% down, and the buyer is asking for $8,000 toward closing costs.
Lexi, Chatbot
Is there anything else the lawyer should know before I connect you?
No.
Legal Eagle
Hello! Legal Eagle here. I’m here for you. Is there a timeline for when your client would like to finalize the sale, and how does that impact the preparation of the addendum?
I have the draft offer done, but want to have a second opinion on whether I am doing it correctly. The title company told me to just type in the legal description. Where do I find that?
Legal Eagle
Usually, you can get the legal description from the county itself. You can typically get it for $5 in most counties. Here's a list of county recorder's offices in North Dakota. Oftentimes, it's on the deed, too, which is bound by strict rules (Chapter 43-23-12.2 of North Dakota Century Code).
Ok, that’s a good idea. I will get that. When I get this offer all done, could I send it to you for review?
Legal Eagle
For sure! Were there any details I missed? Any concerns you still need addressed?
No, that’s good. Once I’m done, I’ll send you the draft.
Legal Eagle
Sure thing! Let me close this out so you can ask me questions directly regarding any future issues.
Legal Eagle
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