---

who can lend on chattel paper mobile homes

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
fsclcorp Joined: 13 Aug 2011 Posts: 1 1.39 Dollars($)	Posted: Sat Aug 13, 2011 7:29 am    Post subject: who can lend on chattel paper mobile homes Like 0 Dislike 0 we are private individuals who want to lend on chattel paper, we would like to know how many loans can we do in one year, also that we can actually due these type of loans and what is the requirments or req`s that we have to follow?? Thanks Jack
Guest	Posted: Sun Aug 14, 2011 7:36 pm    Post subject: Like 0 Dislike 0 You need to contact a local real estate attorney and take his suggestions. He will let you know about your state laws regarding such a lending.
sabrinatoss Community Expert Joined: 16 Jan 2011 Posts: 514 Location: Australia 82.40 Dollars($)	Posted: Mon Aug 15, 2011 12:37 am    Post subject: hi fsclcorp ! Like 0 Dislike 0 You haven't mentioned what country are you from. Countries do vary when it comes to implementing laws about loans. Make sure you seek for a mortgage broker and ask for help to find the best loan program that will suffice your needs. _________________ Home Loan, Mortgage Insurance Calculator, Mortgage Broker
fsclcorp@gmail.com Guest	Posted: Mon Aug 15, 2011 3:17 pm    Post subject: chattel paper lending Like 0 Dislike 0 Sabrina, Thank you 4 ur response I AM LOCAL FROM TAMPA FLA. WE ARE WANTING TO FIND OUT IF AN INDIVIDUAL CAN LEND ON A MOBILE HOME IN A MOBILE HOME PARK IN TAMPA, THE LAND IS A LEASE PROPERTY BUT U HAVE TO PURCHASE UR HOME! INSTITUTIONS HAVE STOPPED LENDING ON THIS TYPE OF PRODUCT AND THE ONLY SOURCE OF FUNDS IS PRIVATE MONEY LOANS. WE JUST WANTED TO FIND THE LAW THAT ADDRESS'S SUCH LENDING PRACTICES AND FIND OUT HOW MANY LOANS THAT ONE INDIVIDUAL CAN LEND IN A YEARS TIME PERIOD. ALSO IF WE WOULD BE SUBJECT TO RESPA SINCE THERE IS NO REAL PROPERTY INVOLVED. I WAS A MORTGAGE BROKER FROM 1988 THRU 2003, BUT THE LAWS CHANGE AND WE CANNOT FIND ANY VERBAGE REGARDING THIS ISSUE! I HAVE HEARED FROM A COUPLE BANKING & FINANCE AGENTS WHO SAID THAT THEY THOUGHT THAT A INDIVIDUAL CAN WRITE THIS TYPE OF PAPER JUST AS ONE WOULD WITH A USED AUTOMOBILE WHICH THESE HOMES ARE UNDER THAT SAME CRITERIA, BECAUSE THEY COME IN ON WHEELS AND HAVE TITLES JUST LIKE A AUTO. IF U HAVE ANY OTHER INFO ON THIS SUBJECT I WOULD APPRECIATE UR INPUT! THANKS AGAIN, JACK
Banna Guest	Posted: Mon Aug 15, 2011 9:40 pm    Post subject: Like 0 Dislike 0 You've heard it right! Mobile homes and the loans on it are something similar to that of auto loans. Moreover, these mobile homes are also registered with the DMV like the automobiles.

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0