Posted by Carol on June 07, 2000 at 06:20:49:
charity, there should be a cya letter signed by the seller stating that he ‘understands’ what’s going on.
In fact, if payments are current, the fact that there is a loan with payments being made can be a plus on a credit report.
I’ve got loans on mine, and I can still buy!
I sit down very patiently with a seller on a subj to and explain exactly what will happen and why. what will and will not happen, I mean.
This is where your ability to “sell yourself” is a big factor.
Give it a try and tell us how it worked.