How do you check potential buyers credit? - Posted by Zach

Posted by Neil (MS) on February 02, 2005 at 12:48:43:

Tom:
Thanks a million for those links…I had just started searching for some screening options and you saved me a bunch of time!

Neil

How do you check potential buyers credit? - Posted by Zach

Posted by Zach on February 01, 2005 at 19:15:41:

What is the best way to check a customers credit? Is there a certain website that works really well and is inexpensive?

Thanks,
Zach

Re: How do you check potential buyers credit? - Posted by Brian H. ¶

Posted by Brian H. ¶ on February 02, 2005 at 08:43:17:

Maybe I’m lazy, but I’ve decided that in most cases I’m going to accept anyone that the MH park says is OK. They run a credit check which costs $30. Why put the potential buyer through another charge of $30 for the same result? The Park Mgr. is the final arbiter in who comes and goes anyway. They don’t want a dead beat anymore than I do. I realize I have more at stake–but do I? I can re-sell the MH if they default. I’m sure some will disagree with this approach. Regards, Brian H. ¶

Re: How do you check potential buyers credit? - Posted by Rob

Posted by Rob on February 02, 2005 at 07:03:33:

You could have them sign an authorization to run their credit and sit down with them at your computer and run it with experian, transunion or equifax. You can require them to bring it to you and you will weed out people who are lazy and don’t want to go through the hassle of getting their own report, or you could join the National Association of Independant Landlords Which for a membership fee will run credit for you and explain the report to you.

Re: How do you check potential buyers credit? - Posted by Tom (GA)

Posted by Tom (GA) on February 02, 2005 at 06:13:02:

http://www.atshome.com/reports/index.html

http://www.udregistry.com/landlord.htm

http://www.citicredit.net/tenant_screening.html

Careful! - Posted by John Merchant

Posted by John Merchant on February 02, 2005 at 10:10:08:

I’d urge some caution here as the MHP is NOT always very careful in who they take.

I’ve had a couple of experiences in one MHP where the MHP would have taken some pretty scummy buyers, who had really lousy credit, weak incomes, etc.

Don’t know why the MHP mgr was so soft, maybe just wanted to get a month or two rent before those buyers walked. I got the idea the MHP was OK with my getting a crummy deal as they figured no skin off their nose.

Aye! - Posted by Steve-WA

Posted by Steve-WA on February 02, 2005 at 10:01:41:

I’m with you Brian. Once in awhile, the PM may be on vacation, or unreachable, or whatever, and I may take the application (I have been using the same screener they do - or if not, its the same info on the app that I send to the owner/mgr, or I share - with written auth - the report with the park.

Truly a work-together relationship. Care & feeding . . .