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Updated almost 14 years ago,

User Stats

30
Posts
11
Votes
Shelly Swanzy
  • Homeowner
  • Princeton, TX
11
Votes |
30
Posts

What do you need to legally do to sell with owner financing in Texas?

Shelly Swanzy
  • Homeowner
  • Princeton, TX
Posted

I was searching CL today and there were several posts that said, "Owner financing, RTB, etc..... is illegal in Texas unless you are broker, etc.........I'm a little confused. We just obtained owner financing; however we found the property on the MLS, contacted agent, who contacted owner who agreed to OF and we are closing with a Title company. So questions????? 1. Is it legal for an "investor/owner" to sell through OF if they go through an agent and title company only? Or does the investor/owner need to have some sort of license???? Just asking because this is the niche that I am interested in.

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