Posted by Truth Teller on July 28, 2008 at 23:40:30:
Well, actually they will do a VOD and the funds will be wired to a Escrow office not to 21st… Just like all other Real Estate… Re Read my post and saw how that could cause concern. CIT and GREEN TREE were also 2 other banks that do MH loans… Make sure it has Land attached or 21st is your only game!
Need Financing for Mobile Home - Posted by Dan
Posted by Dan on July 28, 2008 at 20:33:15:
I have clients needing a purchase money loan who have a $25k down payment on a $65,000 mobile home in Northern CA. They are willing to collateralize the balance with a retirement plan of $42,000 plus the mobile. They are behind on their existing home loan due to the subprime market and changes in rates and plan to leave that property once the short sale is accepted. Hard money is okay too, depending on terms. Any help here?
21st mortage Knoxville TN - Posted by Truth Teller
Posted by Truth Teller on July 28, 2008 at 21:26:51:
Ok here is the deal… tough to get anyone to lend PM on a defaulting borrower these days however if they can get the 25K in REAL money to be wired to 21st in Knoxville they may have a chance we sent one and only land home I did through 21st and it had about 30% down and flew through in March.
Re: 21st mortage Knoxville TN - Posted by Dan
Posted by Dan on July 28, 2008 at 21:50:57:
Thank you Truth Teller. Yes the money is cash however wiring to them without knowing is a bit to trusting. I will certainly followup on this and thanks again.