Profits In Wobblyboxes?
Hey Gang;
As a Loss MItigator for site-built homeowners, I sometimes get inquiries from my advertising from manufactured housing homeowners behind in their "house payments" if ya know what I mean?
Do mobile home financiers "mitigate" with their debtors or just repo the homes when they get so far behind? A mobile home loan is not like a mortgage unless the home and land are attached, etc....
How can I help these people? <IMG SRC="images/forum/smilies/icon_confused.gif">
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Curt Pifer and Elizabeth Martin
[ Edited by JohnLocke on Date 07/17/2003 ]
I cant speak for everyone, but I will negotiate if they pay me off and get another loan. This way it would save me the expense of foreclosing. Otherwise it would just be in my best interest to foreclose and sell it again for more profit.
Kyle