Legal Question in Real Estate Law in Virginia

Selling mobile home

I would like to sell my mobile home by having someone assume the loan with my mortgage company. What is the legal way to do this and what does it entail?


Asked on 6/05/07, 9:24 pm

2 Answers from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: Selling mobile home

All you need do is find a credit worthy person whom your current lender would agree to assume your loan and have the paperwork prepared for the loan assumption and accordingly executed.

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Answered on 6/05/07, 10:35 pm
Robert Strupp Robert J. Strupp,Attorney at Law, PLC

Re: Selling mobile home

Many loans are not assumable. I would suggest having an attorney review your loan documents. An attorney might be able to help with alternatives as well.

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Answered on 6/05/07, 11:07 pm


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