Owner financing...of course - Posted by TX Dragonfly

Posted by Howard on April 02, 2006 at 20:50:16:

Yes, yes, and yes.


Owner financing…of course - Posted by TX Dragonfly

Posted by TX Dragonfly on April 02, 2006 at 20:20:08:

I have never done a mobile home deal, however, I have done some houses…with owner financing. Now, I know that owner financing is offered when doing a mobile home deal…I just wanted to know what you do when the buyer stops paying. With a house, you would have to repo…is it the same with the mobile homes? Could you do a contract for deed and only give them title AFTER the note is paid in full thus avoiding a repo? Also, if you hold the note until it’s paid in full…and say you have 5 buyers paying off that note in a year…would you be considered a dealer? Thanks for the input!