FORUM PROFILE

Recission and Manufactured Housing

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #2487
    chichi63
    Member

    We are doing a loan on a parcel of land (not purchase money) where a customer has a mobile home which is his primary residence. The mobile home has not been “converted” to real estate. We are not taking a lien on the mobile home. Does recission apply?

    #2776
    JGo9
    Participant

    If you are not taking their principal dwelling as collateral then ROR does not apply. It sounds like you are not taking the principal dwelling to me.

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.