Is there a such thing as loan default insurance? - PeachParts Mercedes-Benz Forum

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Is there a such thing as loan default insurance?

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02-12-2013, 11:59 AM

R Leo

R Leo is offline

Stella!

Join Date: Mar 2003

Location: En te l'eau Rant

Posts: 5,393

Is there a such thing as loan default insurance?

I have a manufactured home that need to sell and move off of my property. Lots of prospective buyers but nobody with enough cash to do the deal outright so, I may have to carry the paper.

Even if they make a substantial down payment, I want to make sure that I'm covered if they decide to default on the loan.

Is there any sort of insurance that deals with this?

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