Mobile Home Notes - Posted by John

Posted by David Butler on January 18, 2001 at 19:21:09:

Hello John,

Yep… if they are true MH/land combos, they can often be treated like RE notes in large part, depending on certain particulars (related to age, foundations, etc).

But, they will also be treated like SECOND mortgages, with regard to risk rating and underwriting. To get a little better handle on that end of it, take a look at this thread down below:
http://www.creonline.com/cashflow/wwwboard3/messages/8648.html

If the deal makes sense in those parameters, you should be able to find a buyer fairly quickly, utilizing our FREE nationwide NOTE LISTING SERVICE, at: http://notenetwork.com/at.cgi?a=118510&e=Noteservice/

Hope that helps, and Happy Selling!

David P. Butler

Mobile Home Notes - Posted by John

Posted by John on January 18, 2001 at 05:47:32:

Does any one know any institutions or individuals who will buy slightly seasoned Florida Mobile Home and Land Package Second Notes/Mortgages? These are new sales on packages in the $100k range.