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Updated over 3 years ago on .

User Stats

113
Posts
26
Votes
Robert Sims
  • Rental Property Investor
  • Sugar Land, TX
26
Votes |
113
Posts

Selling Vacant Land Questions

Robert Sims
  • Rental Property Investor
  • Sugar Land, TX
Posted

I'm selling a one acre piece of land in Texas.  There was previously a mobile home on the property, but has been removed.

The buyer wants to put a mobile home on the property.

A couple of questions:

1.  Will we have to engage a RMLO?  

2.  We will be closing the property with a down payment and payments for three years.  If the buyer wants to put in his MH while still making payments, but stops making payments...what recourse will I have?  Take back the property and have him remove his MH?

Thanks!