Re: Need MH help - Posted by Dirk Roach
Posted by Dirk Roach on October 13, 1998 at 01:21:26:
I agree with Chris. First Congrats on getting started.
Now in reguards to Credit, I would be concerned with previous evictions, mostly. If their credit is marginal, well you might be able to work with these people. Have you been park qualifing them?
I was worried too about people’s credit, but then I realized that the Parks are running checks on these people, and at least around here, there are a lot of people in the parks, so there’s hope. Anyhow, I kind of turn the Parks into the heavies in reuards to credit.
I have found the two key words are INTENT and ABILITY. Can they make the note payments? And do they have the intent too. (thus the concern about evictions. I was speaking to someone the other day who has a lot of RE experice and she told me, that people will generally let their credit cards go, let their phone go, but when it comes to their roof, that is different for the most part. If that isn’t the case, pass on em.
Also there is always a co-signer option. Which maybe how we all will have to go on some of these.
Good luck and keep up the good work,