You are here:

Buying or Selling a Home/Foreclosed mobile home purchase

Advertisement

Expert: - 12/5/2009


Question
I need to find a lender. I found my dream house, a mobile home on land. The problem is that it was foreclosed on, and I can't find a lender. I had one, and I told them upfront it was a mobile home, and after all of the paperwork was processed and 2 week into escrow they deny the loan because it is a manufactured home. I have the credit and 20% down, but I have called everyone and can not find a lender who finances foreclosed mobile homes. Who can I contact to get a lender?

Answer
Try this one, Mary: They are in Vancouver, WA. MH Loans. Just go online and contact them. 1-888-809-1145. Simple as all that. Just one thing. Be aware that mobile home loans are higher than regular real estate loans and you may have to qualify at a higher rate. I wish you well.

Dick Dennis
dixiedee13@aol.com

Buying or Selling a Home

All Answers

Answers by Expert:

Ask Experts

Volunteer

Dick Dennis

Expertise

With more than 41 years as a real estate broker, I can solve most any problem presented. If I can`t, I do my research. Problems with mortgages, trust deeds, foreclosures, odd ways of conveying titles. Most any good Realtor can answer questions satisfactorily, but I answer questions that most cannot. Also, ask about my hard-copy newsletter, The Landed Gentry. It can also be sent to you via PDF.

Experience

Solving real estate problems for 37 years.

Organizations
National Association of Realtors

Publications
Publishes The Landed Gentry, guest writer in Who's Who in Creative Real Estate, First Tuesday, Financial Freedom and many newspapers

Education/Credentials
e-Pro Realtor, Certified Distressed Property Expert, Who's Who in Creative Real Estate

©2012 About.com, a part of The New York Times Company. All rights reserved.