Posted on: 23rd Sep, 2009 06:17 pm
hi im tryin to sell a mobil home but the person buying is going to put a deposit and make payments on it . whta is the right stepto follow with the title?
Hi rudy!
Welcome to forums!
I guess you and the new buyer of the property would be going for owner financing. If you go for a owner financing, it would be better if you draft an agreement mentioning all the required terms and conditions. The agreement should be signed both by you and the new buyer of the property. Thus, in case of any payment default, you would be able to take legal actions against the new buyer. It is always better to draft the agreement with the help of an attorney.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
I guess you and the new buyer of the property would be going for owner financing. If you go for a owner financing, it would be better if you draft an agreement mentioning all the required terms and conditions. The agreement should be signed both by you and the new buyer of the property. Thus, in case of any payment default, you would be able to take legal actions against the new buyer. It is always better to draft the agreement with the help of an attorney.
Feel free to ask if you've further queries.
Sussane