Posted: Sat Mar 28, 2009 4:14 pm Post subject: mobile home in park - are loans available?
I inherited a doublewide mobile home in a senior (55+) park in Arizona. I am trying to sell it (after making many cosmetic but costly improvements). My question: Does any bank or company still make loans? I received an offer from a couple, and they tell me they cannot get even a secured personal loan. They told me they have $35,000; I am asking $39,900. (I already lowered it $15,000). All they need is another $5,000. If they could get a regular loan, they could put half (or more) down. I do not wish to carry the loan papers; I need a clean break.
Guest
Posted: Mon Mar 30, 2009 7:29 am Post subject:
Hi
I think you can get an FHA insured Title I loan. That seems to be a good option for you.
The issue seems to be realy complicated. I think you've taken the right decision in consulting a lawyer as he is the best person to help you in resolving this issue.
who consulted a lawyer? is this a dream? man oh man, we are so far off track with some of these responses, i think they're coming from pluto. oh wait, pluto isn't a planet anymore. i pray we all get some sense soon. _________________ George M. Akerley
Loan Consultant
860-221-5044
Sioux Guest
Posted: Tue Mar 31, 2009 1:14 am Post subject: Title I loan
Thanks to "Guest" for the response. Does anyone have a suggestion for finding out about such loans? Thanks.
To get FHA Title 1 loans, you need to contact FHA lenders and check out if you can qualify for such loans or not. You can also contact the lenders of this community and seek a no obligation free consultation. This will give you an idea about the type of rates and terms you can get. You'll come to know about the current market rates as well. _________________ Procrastination is the enemy of your financial success
siouxstoeckle
