Posted on: 22nd Oct, 2010 03:26 pm
I own 16 acres in Alabama worth $40,000.00. Will a lender use the land & a 2000 mobile home as collateral to purchase this mobile home from a relative.
Hi jc,
If the land and the mobile home is free and clear, then you can contact a lender and use both of them as a collateral to secure a loan to purchase a mobile home.
Thanks
If the land and the mobile home is free and clear, then you can contact a lender and use both of them as a collateral to secure a loan to purchase a mobile home.
Thanks