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The Water Cooler
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Selling a property - owner financing
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<blockquote data-quote="swampratt" data-source="post: 3661414" data-attributes="member: 15054"><p>I have sold houses on a rent to own deal.</p><p>No attorneys.</p><p>I never had any issues. Maybe I am lucky.</p><p>I got 6500 down and 10% until the property was paid.I kept the insurance and taxes in my name and when they paid off the property</p><p>we went to the court house and filed a Quit Claim Deed and I put the property in their name.</p><p></p><p>I have no idea on the trailer house deal with the trailer house people getting your property if the house is not paid.</p><p>I would think with a property in your name and not in the trailer house buyers name they could not touch your property.</p><p>You have no legal contract with the seller of the house.</p></blockquote><p></p>
[QUOTE="swampratt, post: 3661414, member: 15054"] I have sold houses on a rent to own deal. No attorneys. I never had any issues. Maybe I am lucky. I got 6500 down and 10% until the property was paid.I kept the insurance and taxes in my name and when they paid off the property we went to the court house and filed a Quit Claim Deed and I put the property in their name. I have no idea on the trailer house deal with the trailer house people getting your property if the house is not paid. I would think with a property in your name and not in the trailer house buyers name they could not touch your property. You have no legal contract with the seller of the house. [/QUOTE]
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