Talk of The Villages Florida - View Single Post - Run Down Reverse Mortgage Houses
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Old 06-09-2013, 12:08 AM
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Quote:
Originally Posted by ilovetv View Post
Reality is that most buyers have to meet these key criteria:

- Will the mortgage lenders lend on this type of property?

- Can the buyer get the financing needed considering the appraised value?

- Can they get insurance that satisfies the mortgage lenders/underwriters' requirements for lending the needed amount?

See:
East Naples mobile home park owners, like many, feel pinch from Citizens insurance » Naples Daily News
that article is about mobile homes and citizens property insurance [a state insurer of last resort]. has citizens property insurance corp written policies on homes on the historic side where folks will have to worry? i don't understand what the article has to do with run down homes the vccdd will not deal with. you have cited this article numerous times implying that homes on the historic side are mobile homes and are too old to secure insurance. i have yet to read any response that residents there have had any problem with getting insurance on their homes - either mobile, manufactured or site-built.
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