If you do owner financing on property you are selling how do you check the buyer's credit?
March 18, 2006 8:25AM
Your lawyer/ or yourself should ask them to furnish a copy of their credit report for you to look over. I would even tell them it is necessary that they do this if they want the property.I don't know if you know these people or not, they may be trying to pull one over on you because they think you won't find out about there credit history, or maybe not.However, be fair if the credit report reflects bad history take into consideration how long ago the situation occured.Remember people make bad choices, but they do deserve second chances, if they have begun to prove themselves. Good Luck