I am curious if anyone on this forum has been using the 21st Mortgage in-park lending program and how effective it has been. For those unfamiliar with the product, it is a repurchase agreement between park and 21st. The amount of repurchase varies form 55%-80% of outstanding balance based on FICO and down payment. I am considering using this program at my park, and would appreciate any feedback.
I believe Karl Kleiner … aka Karl (OH) has used this program a number of times.
You may be able to find his email address here or other mobile home sites for more info.