Posted by brad on July 10, 2002 at 14:02:54:
this is an area that would seem to me to be an excelent place to set up reverse morgages. but that takes money/ or does it. if you find people without dependants who want to live above there social security this would be a great way to buy m/h. you purchase there home from them, allow them to live in it. til death or a pre determined date. if its new enuf to get financed do it put the money in the bank and let it make the payments to them. in the end you get the home. unless they outlive you. i wrote this in fun but now i am plugging more into it and seeing the angle as possable, time to talk to my lawyer and accountant. this is done here with regular property but i have not seen it done with personal property.