Posted on: 17th Feb, 2011 10:01 am
How does one get property with mobile home already on it fiananced? The propety belongs to father at present , valued 108,000 and all he wants is for us to take over the current loan which is a balloon loan, not a balloon mortgage. We want a fresh start for the balance of $47,000 and no one will finance a mortgage that small or you have to live in it. It will be a summer home in Georgia. We live in florida.