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Updated over 7 years ago,

User Stats

50
Posts
26
Votes
Mike Gennaro
  • Real Estate Agent
  • Zachary, LA
26
Votes |
50
Posts

How do I sell a mobile home via rent to own and remain compliant with Dodd Frank?

Mike Gennaro
  • Real Estate Agent
  • Zachary, LA
Posted

We would like to sell a mobile home via rent to own and remain compliant with Dodd Frank. We purchased the unit for $8500 in a park. I've posted it for sale on craigslist as follows and would appreciate suggestions for success and again, legal compliance:

"2 bed 1 bath 1980's 14x60 (AS IS in good condition), rent to own with $1000 down. The note is $350/month and will be paid off in only 5 years. Lot rent of $220 + $80 insurance will be included in payment each month. Your total monthly rent including insurance and lot rent will be $650..."

Best,

Mike 

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