Posted by Ryan on September 30, 2003 at 08:19:23:
Just something to check into. Mobile homes often have a title like a car not a deed. If the mobile home has been placed on a permenant foundation and is not movable then it chan be changed and hold a deed. If the property has a deed then your approach will work. I would get some comparisons in the neighborhood to make sure you have a good deal and the property you are getting is really at 60LTV.