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can I post date a deed transfer for a time to secure a first mortgage debt

can I post date a deed transfer for a time to secure a first mortgage debt

I may hold a first mortgage on a mobile home as buyer's collateral for a down payment on my property. Instead....Can I post date a deed transfer to the mobile home (it's considered personal property in Vermont) instead of a first mortgage document, with a "dated buy back option" for the down payment amount. I want to avoid a long, pricey foreclosure process..... if I can. (or need to)


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Anonymous (not verified)
17-10-2014

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