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Updated over 4 years ago on . Most recent reply

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Tim Rainey
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Is it possible to owner finance a MHP listed by a broker?

Tim Rainey
Posted

I would ideally like to find a MHP and owner finance the deal directly with seller. In case I locate one that is listed, are there any workarounds to owner finance a listed MHP? Some kind of finders fee or monthly percentage of the payout to the broker? Just a thought.

Thanks,

Tim

Most Popular Reply

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Dan Maciejewski
  • Realtor
  • PInellas County Largo, FL
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Dan Maciejewski
  • Realtor
  • PInellas County Largo, FL
Replied

Brokers and agents can definitely handle owner finance deals.  I have done several.  Our contract provides for the broad strokes and then you'll want an attorney to draw up the actual note.  

The broker wouldn't need anything from you if it's listed -- they already have a compensation contract with the seller.  There does not need to be another agent and they can still represent the seller.

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