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Updated about 13 years ago,
Mobile Home Seller Financing - California
I need some help with this process. I've been researching how to go about setting up seller financing for a relative of mine and have had a difficult time finding any information.
Here's the scenario: the seller has agreed to carry financing. My relative is going to put money down and the term will be about 10 years.
Questions - Do I record the note anywhere? If so, where? My understanding is this isn't like recording a note against a SFR.
If I don't record the note then how does it work?
What forms are needed other than a purchase & sale agreement?
Thanks,
Jason