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Updated 7 months ago on . Most recent reply

Felix Maldonado's profile image
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Felix Maldonado
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Felix Maldonado
  • Investor
  • from South Jersey
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Felix Maldonado
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Private Lending & Conventional Mortgage Advice

Can a movable mobile home be used as collateral?

Felix Maldonado
  • Investor
  • South Jersey
Posted

My local bank does not do it since it’s not fixed to the grounds. My local Credit Union also doesn’t do it, but didn’t state a reason. I’m located in New Jersey. Does anyone have any experience? Or is that the standard?

Wilmington, Delaware
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Quote from @Felix Maldonado:

My local bank does not do it since it’s not fixed to the grounds. My local Credit Union also doesn’t do it, but didn’t state a reason. I’m located in New Jersey. Does anyone have any experience? Or is that the standard?


 Why can't you get it fixed and declared as real property?

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