Posted by Ed Garcia on January 29, 2001 at 09:48:17:
Mike,
As long as you disclose a seller carry-back to the lender it’s legal. When you create a seller carry-back with the intention of the lender not knowing, you’re committing fraud.
Greenpoint, now has some B programs, however their forte is Fannie Mae/ Freddie Mac loans. Conseco, purchased the old Green Tree Acceptance, which was a primary lender in mobile homes. Conseco has tightened up, but I think you’ll have a better chance with Conseco.
Ed Garcia