Owner financing by state
Carrying the note works the same way everywhere: the buyer pays you, and you keep the record. What changes from state to state is what that record has to support: how a default is enforced, which statements you owe the buyer, and which licensing exemption you rely on.
- Arizona
Trustee sales, agreement-for-sale forfeiture with grace periods by percent paid, and the seller exemption from originator licensing.
- Florida
Judicial foreclosure, agreements for deed treated as mortgages, documentary stamp and intangible taxes, and the seller licensing exemption.
- Georgia
Power-of-sale foreclosure, the 30-day notice, the intangible recording tax, and the five-loan exemption.
- Michigan
Land contract forfeiture and its notice, redemption periods by percent paid, foreclosure by advertisement, and the seller-residence exemption.
- Missouri
Trustee sales and their notice, the one-year redemption right, the payoff release deadline, and the seller licensing exemptions.
- North Carolina
Foreclosure before the clerk, the itemized statement, contract-for-deed annual statements and late-fee caps, and the three-loan exemption.
- Ohio
Chapter 5313 recording and annual statements, the 30-day and 10-day forfeiture steps, and when foreclosure is required instead.
- Oklahoma
Contracts for deed treated as mortgages, the mortgage registration tax, the payoff release deadline, and licensing.
- Tennessee
Trustee sales and their notice (amended 2025), the indebtedness tax at recording, and the five-loan seller exemption.
- Texas
Contract-for-deed January statements, the seven-day lien notice, wraps, and what a Texas note holder tracks.
Every state page lists the statutes it relies on. They are general information, not legal advice, and statutes change; check the current text with a lawyer in your state before relying on any of it.