Note buyers for single wides - Posted by Dallas Allbritton

Posted by Paul Drummond on February 12, 2001 at 17:19:26:

is the mobile home located in?

Thanks!

Paul

Note buyers for single wides - Posted by Dallas Allbritton

Posted by Dallas Allbritton on February 10, 2001 at 16:22:32:

I hold a note for a singlewide that I want to sell off. None of the note sources I know of will deal with a single wide. Are their any? The buyers have been in place for over a year, put 1K down and pay on time. There is an assumable 1st in place but the lender has never made issue with paying it off

Dallas

Post this on Mobile Home board!(nt) - Posted by Adum

Posted by Adum on February 12, 2001 at 08:29:15:

nt

Re: Note buyers for single wides - Posted by Michael Morrongiello

Posted by Michael Morrongiello on February 11, 2001 at 13:21:22:

Depending on the age of the single wide, its setup, and all of the other specific undewriting criteria (buyers credit profile, credit scores, employment, payment history, etc.) - I would have no aversion to purchasing paper secured by both a single wide mobile home and the land that is sits on.

To your success,
Michael Morrongiello

Re: Note buyers for single wides - Posted by Dallas Allbritton

Posted by Dallas Allbritton on February 11, 2001 at 13:55:56:

That is my challenge with this deal. The buyers have poor credit and the unit is in a park. The unit is 1998 and in excellent condition and their pay history is good over the past 12 months.