Posted by IdahoRob on March 14, 2000 at 19:49:57:
This is a touchy subject so here is some things for you to think about. If Greentree takes a mobile home back and resells it for more than is owed on the present loan are they a dealer. They have hundreds of mobile homes for sale at any given time all over the United States. I bet you will not find one State that they are listed as a dealer.
What i am getting at here is talk to park managers in the terms that you work for a small Finance Co. -which make loans on mobile homes — and the way it does that is to buy the home and Finance it.
A Dealer buys homes to make a profit on a one shot sell-- where The finance Co. Pays him at closing. And the Finance co. Makes money on the note just like you do.
Why not see what Tenn. regulations are as a Finance Co. are. I have in my state and is the way I choose to go.