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kwmac_gw

Problem converting KS home to real property

kwmac
11 years ago

We recently had the sale of our MH in Kansas fall through because the lender refused to sign off to convert the mobile home to real property. The buyer's lender required it to be real property. Short of an F4 tornado, that home isn't going anywhere. As required by law it is on a permanent foundation with steel straps and has been since it was purchased as the lender is well aware. It met all of the state of KS requirements for the elimination of title.

Sales in the area are very depressed and it is tempting to leave the lender holding the home. Do we have any legal recourse? Assuming we can even find another buyer is there any way to prevent the lender from sabotaging another sale?

PS We do have good credit and enough equity to refinance if we can find a lender willing to refinance a MH.

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