Title loans on mobile domiciles. Any see any potential issues with beginning a home title loan company that is mobile?

By |November 26th, 2020|

Title loans on mobile domiciles. Any see any potential issues with beginning a home title loan company that is mobile? Articles 68 Votes 10 Dustin M. A person came for me recently trying to borrow $500 and he has a totally free and clear home that is mobile. We told him We would allow him borrow the cash if i really could place a lien on their mobile home. Anybody know precisely just how to repeat this. In addition, this provided me with a business idea that is good. Title loans on mobile domiciles (you see them the time for vehicles have you thought to mobile domiciles). Articles 257 Votes 58 Mike Matthews Yes, Dustin could it be an idea that is good i actually do it myself frequently. Each time a property is compensated if they want on the mobile home off I make sure the new owners know I can give them a loan. wen this way I suck them back. In Texas once you file the Title or S.O.L Statement of ownership and location, there clearly was place to put yourself since the lien holder. Therefore always check you states that are local Residence Title kinds. You can see where you files for the lien if you look at section 8 on this form. Good task you might be thinking like an expert. Articles 171 Votes 46 Bill W. Dustin, i recommend seeing legal counsel to ascertain if this really is legal in a state. I experienced an idea that is similar 12 months and discussed it with a RE lawyer in Texas. […]