Saturday, December 17, 2011
Financing for a mobile home?
I found a buyer for my mobile home, & found a new home supposed to close on the 27th. Well the buyers financing fell through because they want to have the mobile home moved to their land, & the lender will not allow this. The buyer has asked me to help find financing, & so far not soo good. They're credit score is about 587, & they want to have it moved to their own land, with out having to have it put on slab. I would have moved it then sold it, only I just found out my financing will not allow me to move it frm the mobile home park until it is paid. Did not know this. Because of the lot rent being so high, & the interest rate Im paying is high so no one will lease it. So now I feel Im stuck. Does anyone know anyone who will finance and let it be moved with a low credit score. Or is there a way for me to refinance it at a lower interest rate and rent it out and still purchase my new home???? In order 4 my finance to go through on my house, the mh must be sold or contracted for lease.
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