Selling Mobile Home Notes

Comments(7)

• 
  active_re_investor4th January, 2005

  There are buyers of such notes.
  
  The forum has some pretty strict rules about ads, etc. Hence you might not get too many responses posted.
  
  A few ways to find folks who would be interested.
  
  1. Check the local paper for people who buy notes.
  2. Investment clubs in the area
  3. Other forums or classified sections where people can more directly advertise that they are buyers.
  4. Sometimes conventional loan brokers will know of lenders. You can also check with MH dealers to see if they know people.
  
  John
  [addsig]

• 
  carobinson4th January, 2005

  Thanks John. I appreciate the help.
  Connie

• 
  gordo24176th January, 2005

  Yes there are buyers out there. The noteholder has to be prepared to accept a discount, whether its for a partial purchase or a full-buyout. They are risky notes if they are not attatched to land, and even then there's still some risk. Hope you find success,
  
  Nate

• 
  Tom-Tom8th March, 2005

  You can try the mobile-home-notes.biz website. I sold a few notes to them and got very good rates.
  
  tom

• 
  Tom-Tom23rd March, 2005

  JohnP,
  
  Yes, they asked me for a 720 score also. I found out later that a 720 score is the mid-point of everyone in the country. Half are over 720 and half are under 720. Mine was 775.
  
  It seems reasonable to me that they would want people who are at least mid-way between the best and the worst.
  
  What I liked is that, although I had to have good credit, the MH buyer could have terrible credit and they would still buy my notes. The notes I sold to them had note payers with really bad credit.
  
  Tom-Tom

• 
  sugar23rd June, 2006

  Quote:
  On 2005-03-23 16:44, Tom-Tom wrote:
  JohnP,
  <BR>
  <BR>Yes, they asked me for a 720 score also. I found out later that a 720 score is the mid-point of everyone in the country. Half are over 720 and half are under 720. Mine was 775.
  <BR>
  <BR>It seems reasonable to me that they would want people who are at least mid-way between the best and the worst.
  <BR>
  <BR>What I liked is that, although I had to have good credit, the MH buyer could have terrible credit and they would still buy my notes. The notes I sold to them had note payers with really bad credit.
  <BR>
  <BR>Tom-Tom
  
  Hi tom tom
  I was wandering whats the lowest note that this tony guy will except. please reply soon.
  
  thanks

• 
  vdiniveronica21st July, 2006

  Is this mobile home in a park?