Posted by lyal on November 07, 2000 at 06:50:17:
Tommy,
You may want to post this query on the mobile home board. They’ll give you lots of excellent advice.
My personal opinion of your banker’s input is NONSENSE! You can sell on a lease-purchase, contract for deed, wrap etc.
All the best, Lyal
financing problem - Posted by tommy wardlow
Posted by tommy wardlow on November 06, 2000 at 22:09:32:
I have purchased two mobile homes and have a small amount borrowed on each. I have tried selling through a real estate and my contract will be ending soon. I would like to explore some other options such as owner finance but according to my banker I cannot sell property as owner finance with outstanding loans. Is this true? I buy the houses at a good price and then refurb. I have good credit but cash flow problems. I would like to know what the requirements are for licensing in the state of Texas. Would I need a retailer license?