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Updated over 6 years ago on . Most recent reply
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"No real owner financing in OK"
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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Brian Gibbons
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Your Realtor Broker is talking out of her A$$
See
http://oklegalsite.net/
She just wants to prohibit you from thinking about them when talking to home sellers.
I train agents to act as a principal not as an agent, and help sellers sell on terms, like
- sub2,
- cfd,
- lease option,
- lease purchase,
- wrap, etc.
How much money are you making with this broker? If not enough, why?