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Reverse Mortgage

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kipperwitz Joined: 03 Nov 2009 Posts: 1 1.00 Dollars($)	Posted: Tue Nov 03, 2009 4:44 pm    Post subject: Reverse Mortgage Like 0 Dislike 0 I would like to take out a reverse mortgage on my mobile home in a Mobile Home Park on rented land.
raymond Community Expert Joined: 03 Jul 2009 Posts: 1166 Location: Irvine, California 24.79 Dollars($)	Posted: Tue Nov 03, 2009 5:12 pm    Post subject: Like 0 Dislike 0 HUD doesn't allow any type of mortgage for homes on rented land, including Reverse Mortgages. _________________ Raymond Denton www.raymonddenton.com
smithsussane Joined: 18 Sep 2008 Posts: 10038 Location: Alaska 920.62 Dollars($)	Posted: Tue Nov 03, 2009 8:13 pm    Post subject: Like 0 Dislike 0 Hi kipperwitz! Welcome to forums! I agree with Raymond. Normally reverse mortgages are not available for mobile homes. If you had owned the land, then there would have been some chances of getting a reverse mortgage. Check out a discussion on Criteria for Reverse Mortgages on Mobile Home for more information on this issue. Feel free to ask if you've further queries. Sussane

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