Posted by TeddyB_SC on May 15, 2007 at 15:35:05:
I guess I thought you might have already experienced this because of your responses.
No bank would let them move it unless it was paid off.
A brand new MH you can get longer term financing on, but I doubt a bank would allow it to be moved- at least none that I’ve heard of.
I hadn’t experienced this “can’t move the home unless paid off” before so didn’t see any harm in asking. In my area I am surrounded by 3 military bases and homes are moved in and out all the time. I find it hard to believe that everyone of them are paid off.
It seems more likely that they would 1) want to know where the asset is going and 2) keep it close by geographically.
Thank you for your assistance.