Posted by Steve-WA on July 30, 2003 at 14:37:42:
vehicle, jerome.
AND, generally, it is unlikely that you will be able to refi a MH unless there is RE attached.
There are exceptions, but it ain’t a house.
Can You Sub2 a mobile Home - Posted by Jerome-Tx
Posted by Jerome-Tx on July 30, 2003 at 05:35:01:
Can you purchase a mobile home sub@2 or put in a land trust. Thank for any info.
no - Posted by Steve-WA
Posted by Steve-WA on July 30, 2003 at 09:39:53:
well, you could, but it is not RE, so there is no deed to get, so no proof of ownership. bank holds title until payoff.
Exception: MH on land - then you are talking RE, and all sub2 rules apply.
Would you sub2 a car? Same thing.
Re: no - Posted by Jerome
Posted by Jerome on July 30, 2003 at 14:07:38:
Is there a better way to go around the bank and take possession of the mobile home until one is able to refinance it.