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Updated about 11 years ago on . Most recent reply

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Bill S.
  • Rental Property Investor
  • Denver, CO
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Loan for a property that is a "purged" mobile home

Bill S.
  • Rental Property Investor
  • Denver, CO
ModeratorPosted

I have an opportunity to purchase a property that is a mobile home that has had the title removed (it has a permanent foundation) and for tax purposes is part of the real estate. I was previously told (I don't remember where) that, from a lender's perspective, once a mobile home always a mobile home. So all you lending geeks out there, what is the correct answer?

I would purchase with cash but would want to resell so want to know what the limits would be for the new buyers.

Thank you. 

  • Bill S.
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