Title loans on mobile domiciles. Any see any potential issues with beginning a home title loan company that is mobile?
- Articles 68
- Votes 10
A person came in my opinion recently trying to borrow $500 and then he has a totally free and clear home that is mobile. We told him We would allow him borrow the funds if i really could place a lien on his mobile home.
Anybody know precisely simple tips to do that. In addition, this provided me with a business idea that is good.
Title loans on mobile houses (you see them the time for vehicles why don’t you mobile domiciles).
- Posts 257
- Votes 58
Yes, Dustin will it be a good clear idea, i actually do it myself very often. Everytime a house is compensated if they want on the mobile home off I make sure the new owners know I can give them a loan. That way I suck them back.
In Texas whenever you file the Title or S.O.L Statement of ownership and location, there is certainly an accepted spot to position your self since the lien owner. So check you neighborhood states mobile phone Residence Title types.
In the event that you glance at part 8 with this form, you can view where you files for the lien.
Good work you may be thinking like a professional.
- Articles 171
- Votes 46
Dustin, i recommend talking to a legal professional to ascertain if this might personal loans in maryland be appropriate in a state. I experienced an idea that is similar 12 months and talked about it having a RE lawyer in Texas. That it would be expressly forbidden, he did have concerns about its legality in Texas while he didn’t say.