Solution to my own MH question - Posted by osirus


#1

Posted by osirus on December 14, 1998 at 24:30:09:

Several days ago I posted messgage about placing phony saling price on MH title so as lower sales tax for buyer. Since then, I have been told that a possible solution is to simply include taxes, fees into the principal. For example:

sales price: $8000
%6 sales tax: $480
tag and title:~ $150
total : $8630

10% down: $863
total - down : $7767 is amout financed

I use the buyer’s down payment to pay for taxes, tag and title. This way the deal is still doable if MH buyers can not afford to front money for downpayment plus tax, tag and title. In addition the real sales price instead of phony price is placed on the title.