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Updated over 6 years ago,

User Stats

8
Posts
1
Votes
Anna Hammerle
  • Camp Verde, AZ
1
Votes |
8
Posts

"No real owner financing in OK"

Anna Hammerle
  • Camp Verde, AZ
Posted
I have asked my realtor in Oklahoma to find me owner financed properties. She has just informed me that there is "no real owner financing" in the state of Oklahoma; it basically turns into landlord/tenant law and you would not own the property until it was cleared with title, and therefore owner financed properties could not be rented. It was my understanding, that if an owner owned his/her property free and clear, with no mortgage on it, then he or she could act as a lender for the potential buyer. Why wouldn't buyer own such property? Does anyone have any input on this?

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