Posted on: 15th Aug, 2009 10:10 am
My daughter owns a 1999 Chandeleur 80 x 16 mobile home located on my property. She has moved to another state and cannot afford the trailer and home she lives in. I am considering buying trailer from her and renting it out. Her loan balance is $20,000, over current value but I'm trying to help her out. What are finance options for me? Credit score approx. 800, own my own home, annual income approx. $125,000.