Manufactured Home Financing
I am in escrow on a double wide manufactured home that is on it's own land. We are approaching 60 days and my mortgage broker can not find anyone who wants to lend on it.
This home went through escrow previously and dropped out (I assume due to the inability to finance). The owner is going through a divorce and needs to sell the home.
I asked my RE agent to contact the seller and find out what was owed on it. I am thinking of possibly trying to finance the outstanding balance, and ask the owner to carry a 2nd. Another possibility would be a wrap-around. Hard money lenders would be a possibility, but only when I exhaust all other options.
Any thoughts would be appreciated.
SUM
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