Posted on: 28th Mar, 2009 04:14 pm
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.
Hi
I think you can get an FHA insured Title I loan. That seems to be a good option for you.
I think you can get an FHA insured Title I loan. That seems to be a good option for you.
Hi
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.
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.
Thanks to "Guest" for the response. Does anyone have a suggestion for finding out about such loans? Thanks.
Hi Sioux,
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.
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.