Title loans on mobile homes

[Dustin M.]

Hi,

An individual came to me recently looking to borrow $500 and he has a free and clear mobile home. I told him I would let him borrow the money if I could put a lien on his mobile home.

Anyone know exactly how to do this. In addition, this gave me a good business idea. Title loans on mobile homes (you see them all the time for cars why not mobile homes). Any see any potential problems with starting a mobile home title loan company?

Thanks,

Dustin

[Dale Osborn]

Read the books "Deals on Wheels" & "Making $$ with Mobile Homes" by Lonnie Scruggs. It describes this type of investing. No mortgage company will loan against a used mobile home. The only way that many can achieve the American dream of home ownership is by having an investor like yourself available to make it happen by loaning them the money needed and securing a lien against the mobile home.