Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

My Mobile Home is on a Indian Reservation, Can JCF offer Financing?

0
Posted

My Mobile Home is on a Indian Reservation, Can JCF offer Financing?

0

No, not at this time. Indian Reservations are unique as the true ownership of the land is the Tribe, similar to a Co-Op park. As the tribe grants you land, they retain the ultimate ownership of that land and access to the reservation. In the past, we have made financing loans in reservations with the agreement of the tribal counsel that we could enter the reservation and/or property in the event of default. We have found that a decision by the current tribal counsel can be overridden by a future counsel, making our previous agreement null and void, leaving us without the right of repossession in the event of default. Q: Does JCF Finance Brand New Homes coming from a Dealer? A: Yes, as long as the home is set-up and in livable condition prior to funding. We also limit dealer commission to a maximum of 30% of the dealers cost for the home. If the dealer needs funds prior to setting up the home, we cannot assist you. Q: Can I go through a Mortgage Broker when Financing with JCF? A: No. Un

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123