Posted on: 21st Dec, 2009 12:25 pm
searching for a non borrowing title holder manufactured 2nd home loan, do you offer this type? *subject property is in Arizona with no liens.
Hi boxing,
If the borrower of the mortgage is not on the title of the property, lenders will not be ready to give a loan. This is because, it will become difficult for them to recover the dues if the borrower defaults the loan. Though the property is free and clear, the borrower of the loan should remain on the title of the property.
This community has a number of lenders. You can seek a no obligation free mortgage consultation from them. This will help you know whether or not you will get a loan.
Thanks
If the borrower of the mortgage is not on the title of the property, lenders will not be ready to give a loan. This is because, it will become difficult for them to recover the dues if the borrower defaults the loan. Though the property is free and clear, the borrower of the loan should remain on the title of the property.
This community has a number of lenders. You can seek a no obligation free mortgage consultation from them. This will help you know whether or not you will get a loan.
Thanks