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#834479 - 10/15/07 02:42 PM mobile home company
Relax Offline
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How do we handle loans and floorplans with mobile home companies. We have a floorplan for a mobile home company that buys and sells mobile homes. We also have two individuals who buy, fix up, and resell mobile homes. What is the suggestion or what is the rule?
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#834646 - 10/15/07 04:42 PM Re: mobile home company Relax
Mrs. Rizzo Offline
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Curled up by the fire...
How are these loans structured?
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#834780 - 10/15/07 06:56 PM Re: mobile home company Mrs. Rizzo
Relax Offline
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WE SOMETIMES HAVE A BLANKET LIEN ON ALL MOBILE HOMES AND SOMETIME WE JUST TAKE THEM SEPERATELY AS COLLATERAL.
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"I like a little rebellion now and then. It is like a storm in the atmosphere." -Thomas Jefferson

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#834789 - 10/15/07 07:02 PM Re: mobile home company Relax
#12 Offline
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Posts: 1,343
I'll take a shot at these:

Originally Posted By: kh91507
How do we handle loans and floorplans with mobile home companies. We have a floorplan for a mobile home company that buys and sells mobile homes.


I don't think this would be reportable. The mobile homes would be considered inventory.

Originally Posted By: kh91507
We also have two individuals who buy, fix up, and resell mobile homes. What is the suggestion or what is the rule?


I would report these as purchases.
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#834833 - 10/15/07 07:32 PM Re: mobile home company #12
CRAatBOK Offline

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Posts: 6,172
Further South than I wanna be.
I agree with #12.
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