Selling mobile home
I would like to sell my mobile home by having someone assume the loan with my mortgage company. What is the legal way to do this and what does it entail?
Selling mobile home
I would like to sell my mobile home by having someone assume the loan with my mortgage company. What is the legal way to do this and what does it entail?
Re: Selling mobile home
All you need do is find a credit worthy person whom your current lender would agree to assume your loan and have the paperwork prepared for the loan assumption and accordingly executed.
Michael E. Hendrickson
Attorney & Counsellor at Law
211 North Union Street Suite 100
Alexandria, 22314
Re: Selling mobile home
Many loans are not assumable. I would suggest having an attorney review your loan documents. An attorney might be able to help with alternatives as well.
Robert Strupp
Robert J. Strupp,Attorney at Law, PLC
2325 Dulles Corner Drive Suite 500
Herndon, VA 20171