Forum Discussion
magnusfide
Apr 05, 2017Explorer II
Buckeye Chuck wrote:
How do I find a bank or other institution that will finance a deeded RV lot in a RV ResoRt? This is a condominium style resort.
Talk to your own bank first. Most banks will give financial advice for such things.
Be aware that buying a spot at a resort carries higher financial risks because the managing company may go bankrupt or let the resort maintenance decline causing a loss in property value. Your bank might be willing to investigate the financials of the resort's managing company too. Resorts are similar to time shares in that they're managed by a company and for the safety of your investment, the financial stability of the managing company needs to be known.
About Campground 101
Recommendations, reviews, and the inside scoop from fellow travelers.14,716 PostsLatest Activity: Oct 15, 2013