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  2. How to finance a mobile or manufactured home - AOL

    www.aol.com/finance/finance-mobile-manufactured...

    Average price range: $10,000-$50,000. Key features: Typical sizes: Single wide (between 500 to 1,200 square feet) or double wide (between 1,000 to 2,000 square feet). Best for: Someone purchasing ...

  3. Owner financing: What it is and how it works - AOL

    www.aol.com/finance/owner-financing-works...

    Owner financing — also known as creative financing, a purchase money mortgage or seller financing —is an arrangement in which the home seller provides some or all of the financing directly to ...

  4. 'Trapped': How federally backed financing is making mobile ...

    www.aol.com/news/trapped-federally-backed...

    Acquisitions of mobile home communities have been growing over the past decade with private equity firms and real estate investment trusts acquiring about a quarter of the lots available for ...

  5. Nonrecourse debt - Wikipedia

    en.wikipedia.org/wiki/Nonrecourse_debt

    Recourse debt or recourse loan is a debt that is backed by both collateral from the debtor, and by personal liability of the debtor. [2] This type of debt allows the lender to collect from the debtor and the debtor's assets in the case of default, in addition to foreclosing on a particular property or asset as with a home loan or auto loan.

  6. Wraparound mortgage - Wikipedia

    en.wikipedia.org/wiki/Wraparound_mortgage

    The seller, who has the original mortgage sells his home with the existing first mortgage in place and a second mortgage which he "carries back" from the buyer. The mortgage he takes from the buyer is for the amount of the first mortgage plus a negotiated amount less than or up to the sales price, minus any down payment and closing costs. The ...

  7. Asset-based lending - Wikipedia

    en.wikipedia.org/wiki/Asset-based_lending

    An example of asset-based loan usage was when the global securitization market shrank to an all-time low after the collapse of investment bank Lehman Brothers Holdings Inc in 2008. [4] Within Europe in 2008, over 710 billion euros worth of bonds were issued, backed largely by asset-based loans, such as home and auto loans.

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