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Patrick Sears
  • Midlothian, VA
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Offering seller financing on mobiles on land

Patrick Sears
  • Midlothian, VA
Posted Oct 17 2020, 17:48

Hello,

Had a couple of questions on the current MH seller financing market:

1)  With all of the subprime lenders that appear to be offering low-down financing on owner-occupy mobiles (especially on land) is there still a demand for offering seller financing on mobiles on land that I might want to fix up and offer to sell on terms?  Or should I forget about that business model and just get good at hooking up my buyers with these specialty lenders and cashing out immediately?

2)  If I am still able to create a steady flow of seller-carry paper for these deals, are there any note buyers interested in seasoned mobile home on land paper?

Thanks!

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