Re: Dirk, MH experts, how do I-- - Posted by Mark-NC
Posted by Mark-NC on February 12, 2000 at 10:20:27:
Looks like you got your hands in a little bit of everything.
I have a question…What do you mean, it used to be a mobile? Did they add on to it or something?
My experiance with these and lenders may be different in your area. The problem I have run into is the new mobile home’s are so easy to get into with their easy financing it is hard to deal with the older ones. Unless you make it real easy for them to get in it is hard to find a buyer that wants one or will qualify for financing unless you end up holding the paper with next to nothing down.
You will want to check to see if the title has been surrenderd to the state and see if the mobile is deeded to the property.
The fact that it is on a permanent foundation helps. The fact that the tong is still on it may not be an issue as long as the axel’s are off and it has some type of skirting around it.
The only other problem you may run into is the age of the mobile and the Low LTV’s that are assoiciated with trying to get one financed.( How old is it?)
Not trying to discourage you but this has been my experiance… Maybe one of the pro’s have had better luck with these and can help you out.