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manufactured home loans FAQ


To have a mortgage loan you must have land involved, so no trailer park rentals. Lender's are not fond of mobile homes because they lose value - unlike a stick-built home which will appreciate in value. You are unlikely to find 100% financing for a


no/yes


Try United Wholesale Mortgage and Peoples Home Equity


Try Equifirst in Charlotte, NC....


Yes, your loan and your eviction are not related. You are still responsible to repay the loan. You will need to sell the trailer, as your lien most likely prohibits you moving the trailer from this location.


Would'nt think so.After all it was a package deal.However if the house/land were written on separate contracts it would be possible

manufactured home loans news

Bad loans to bad karma: Probe links microcredit lenders to suicides

18.05.12

Mumbai: First they were stripped of their utensils, furniture, mobile phones, televisions, ration cards and heirloom gold jewellery. Then, some of them drank pesticide. One woman threw herself in a pond. Another jumped into a well with her children.

Sometimes, the debt collectors watched nearby.

More than 200 poor, debt-ridden residents of Andhra Pradesh killed themselves in late 2010, according to media reports compiled by the government of the south Indian state. The state blamed microfinance companies — which give small loans intended to uplift the very poor — for fuelling a frenzy of over indebtedness and then pressuring borrowers so relentlessly that some took their own lives.


Source: Firstpost

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