I am going to be placing some offers soon to purchase my first MHP. One of the parks happens to have a few notes carried by the seller for some of their POH’s. it is my understanding you need to be licensed as a mortgage loan originator to be able to offer seller financing on POH’s. In the situation where you are purchasing a park that the seller is carrying these notes, and you are not carrying said license, how would you typically handle the notes and the transfer of them?
Is it worth getting that license to be able to sell off your POH’s this way?