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Why do you have to have 'Money Down" to buy Land in Oklahoma Is it a Law?
Wiki User
∙ 14y ago
You don't,but any major purchase is contingent on the lender's requirements.And,no it is not a law.
Wiki User
∙ 14y ago
Requiring a "money down" payment is a common practice in real estate transactions to show the buyer's commitment and ability to secure financing. It is not necessarily a law in Oklahoma, but rather a standard requirement set by sellers or lenders to protect their interests and ensure the buyer's seriousness in the transaction.
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