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Who loans on pre 1976 mobiles?

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bobwildhunt Joined: 28 Jul 2010 Posts: 1 1.31 Dollars($)	Posted: Wed Jul 28, 2010 1:35 pm    Post subject: Who loans on pre 1976 mobiles? Like 0 Dislike 0 I am foreclosing on a property (the mobile is affixed to the land)1971mobile and the guy needs to refinance at a lower rate to afford to stay there. I can discount (give money away) the note to a certain extent. I would say the property would appraise at around 45k. The prop. is in Phoenix Az. thank you (the lender is deaf, maybe he could qualify for a program that I'm not aware of, and his credit is between poor and fair)
smithsussane Joined: 18 Sep 2008 Posts: 10382 Location: Alaska 976.66 Dollars($)	Posted: Wed Jul 28, 2010 10:15 pm    Post subject: Like 0 Dislike 0 Hi bobwildhunt! Welcome to forums! Mobile homes which are build before 1976, hardly qualify for mobile home loans. Lenders do not offer loans on such properties as they are concerned about the life of such old mobile homes. So, I don't think there would be any lender in the market who would offer a loan for such an old property. Feel free to ask if you've further queries. Sussane

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