The insurance company is the banker and your cash value is just collateral securing the loan.The other problem is you can't even borrow money until you have cash value built up, which takes years.

Or I guess you could just believe any cash loan made to you, regardless of collateral or future payment obligation, is just free money. 

May be possible for me to assign the note and gain a separate obligation payable to me from that origination/servicer.I've not given much thought to conduit financing but I'd think it could be worked out.Maybe Ken could bring us up to date on the progress being made my the MH industry as to any arrangements, modifications or exemptions.Obviously one small investor can't become a compliant lender, but 200 banding together certainly could.The original questions, that are getting lost here, lend to the possibility of investors acting together as well.I'll toss out too, that a servicer is in a position to advance funds due under an obligation and in the event of default could, by agreement, assume the obligation, continue paying and secure the collateral to pay off the obligation, somewhat similar to PMI but it's not an insurance arrangement. :)

Should anyone still want to buy an IKEA kitchen at IKEA, here is my review of the appointment / assembly process, which she/he should plan with: 11.05.2017 1.surveying appointment at home: normal 15.05.2017 1.planing apptmt at IKEA: normal 12.06.2017 1.installation apptmt at home: Planning error (measures copied incorrectly), broken kitchen appliances, broken TV, cabinet gaps, no worktop 13.06.2017 2.planing apptmt at IKEA: complete replaning due to 40cm length planing error 28.06.2017 2.installation apptmt: incorrect parts delivery, scratched, incorrectly cut worktop, broken rear wall 04.07.2017 2.surveying apptmt: new measurement for worktop 13.11.2017 3.installation apptmt: worktop supplied by 5cm too narrow 02.06.2018 4.installation apptmt: worktop supplied by 2cm too wide & 2cm too short about 12 repetitive hotline calls (always longer than 30min) including waiting loop 10 WASTE HOLIDAYS 26 Email pure for the coordination of the kitchen installation 43 Email with IKEA "customer service" for the misclaimed "claim settlement" 300 € collateral damage Zero compensation (91 € were offered to me, which I refused) Conclusion: NEVER AGAIN IKEA !!!!!

As it costs 10% to sell, with sales commissions and closing costs,  so the property is worth at top retail (say 90% of comps or value)""And that's breaking even, paying full retail, and I know my partner is not going to do that,""what we could do is partner where you hold a note for your equity, and you'd be the bank, you know the collateral and IF we don't pay you, you can repossess the property"There are a lot of properties that I'm interested in but yours looks pretty good if we can get the terms"Have walkway power👌

I can design a note to do whatever needs to be done, on commercial notes, everything can be changed, rates, amortizations, balloon payments required as lump sums, % of rents assigned, other collateral might be used or having cross collateralization with other properties to leverage your equity.

He doesn't own the house and therefore can't use it for collateral.

You also have a duty to disclose known deficiencies of a property to an appraiser as well as to any lender, significant deficiencies can affect the collateral value and any loan decision, omission of facts known can be fraud.In all cases a seller who fails to disclose hidden or latent defects is liable for the value of such defects and is grounds for the termination of any offer or contract to purchase or lease.  

I have 100k equity in it but it is a Doublewide home so banks ive talked to won't use ut as collateral.

I disagree 100% with your assertion that a real estate loan with no collateral is quite common.