[WSBARP] Family Financing

[Mark Anderson]

I suppose we could always check with the lender, but I would not think so.
Mark B. Anderson
ANDERSON LAW FIRM PLLC
821 Dock St  Ste 209  PMB 4-12
Tacoma, Washington 98402
+1 253-327-1750
+1 253-327-1751 (fax)
marka at mbaesq.com<mailto:marka at mbaesq.com>
www.mbaesq.com<http://www.mbaesq.com/>
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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Drayna, Paul S.
Sent: 02/13/2025 11:42 AM
To: wsbarp at lists.wsbarppt.com
Subject: Re: [WSBARP] Family Financing

Many (most) mobile homes end up in parks where the owner of the home does not own the land - they lease it. Would lender accept a long term lease instead of adding borrowers to title?
Paul S. Drayna | Helsell Fetterman LLP
Attorney | Of Counsel
800 Fifth Avenue, Suite 3200
Seattle, WA 98104
Direct: 206.689.2177
pdrayna at helsell.com<mailto:pdrayna at helsell.com>
he/him pronouns

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From: wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com> <wsbarp-bounces at lists.wsbarppt.com<mailto:wsbarp-bounces at lists.wsbarppt.com>> On Behalf Of marka at mbaesq.com<mailto:marka at mbaesq.com>
Sent: Thursday, February 13, 2025 11:20 AM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com<mailto:wsbarp at lists.wsbarppt.com>>
Subject: [WSBARP] Family Financing

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[EXTERNAL MESSAGE]
Dear Colleagues:
Client owns 40 acres of vacant real property.  Client's daughter (D) and her boyfriend (B) want to purchase a mobile home and place it on the property.  Client is okay with this.  However, to get financing for the mobile home, prospective lender requires that both D and B be on title to the property (D cannot get financing on her own).
Client is understandably reluctant to bring B onto title.  And Client does not want to cosign for the loan.
Any suggestions as to how to proceed?
Thanks.
Mark B. Anderson
ANDERSON LAW FIRM PLLC
821 Dock St  Ste 209  PMB 4-12
Tacoma, Washington 98402
+1 253-327-1750
+1 253-327-1751 (fax)
marka at mbaesq.com<mailto:marka at mbaesq.com>
www.mbaesq.com<http://scanmail.trustwave.com/?c=22645&d=kMau5ya_X8bxOkQhcbs2R4m3k-4frWsmfK1I1usEmA&s=1714&u=http%3a%2f%2fwww%2embaesq%2ecom%2f>
CONFIDENTIALITY NOTICE
This transmission is confidential and is intended solely for the use of the individual named recipient. It may be protected by the attorney-client privilege, work product doctrine, or other confidentiality protection. If you are not the intended recipient, or the person responsible to deliver it to the intended recipient, be advised that any dissemination, distribution, or copying of this communication is prohibited. If you have received this transmission in error, please immediately notify the sender via e-mail or by telephone at (253) 327-1750 that you have received the message in error, and then delete it. Thank you.

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