We bought .25 acres here in Texas for $6000. Went thru a title company so we have a survey etc. Selling for $23k. Someone wants to put $5000 down cash, not using a title company, start building on it right away, and make monthly payments. We would not deed the property to the buyer until it is paid in full. Is this a good idea? What if they default on the Owner Finance Agreement? I remember something in Texas about domicile or homestead protections for the buyer if they stop paying, basically squatting on your property. Any and all suggestions/ideas are greatly appreciated!
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