Okay we have a mobile home. We owe ,000 on it after nine years. No missed payments. We have a 2004 Kia spectra. We owe ,000 on it. We have a 2004 Trailblazer and we owe ,000 on it. We have no credit cards and no one will refinance ANY of what we have.

I want to move but obviously our house won’t sell for what we owe. We can’t get rid of the Kia because again its worth less than what we owe.

My husband works full time and has a great job. But overtime has been cut. So we really have no extra money. I homeschool our oldest and we have a one year old as well. I have no experience and no way to get any unless I pay for childcare. Which would defeat the purpose of having a job.

Is bankruptcy our only option? Please only serious answers. We are at a total loss. We are in our early 30’s and just want to actually start living and have a home. Not live in a trailer park raising our kids.
Wow thank you so much Ray and Percy! Well let me add more details. My husband makes about ,000-,000 a year. Depends on the year. He has had his overtime cut but still works like a dog. So he won’t be able to get another job.

As for things for me to do. I do buy and sell items on Craigslist as often as possible. Always making a profit. But having the spare cash for me to buy something that I’m not sure when I can sell doesn’t work so well.

We have two cars because he works and I stay home with the kids. I have the large car so we can all fit and go places together. We can’t get rid of it because we don’t fit in a ‘car’ and he wants something decent so it won’t break down on me. He is driving the Kia because it is better on gas mileage and we can’t get rid of it because no one will buy it. No one will buy either one since we owe more than they are worth.

I appreciate the advice and support because we have no one to ask that would help any. Thank you so much
As for cutting our expenses. We have no extra items to really speak of. I have a cell phone but we have no land line. I pay a flat rate and it is cheaper than a land line would be. We use cloth diapers so there is no expense there. I pay 0-0 a week on food for all four of us. The baby eats like an adult so there is no baby food to buy. All the clothes we get are from Goodwill or Craigslist. I never buy things that I can’t resell for more. Even our laundry soap is less than .03 a load. I use soap nuts. Super cheap and work well. So we are NOT living a ‘grand’ life so to speak. Its not like I am out spending money hand over fist. I am doing the very best I can to keep our expenses as low as possible.

The bills are:
Car- 0
Truck- 0
House-0
Lot-5
Insurance-5
Electric- 0 (and yes I turn everything off and air is set to 80 degress)
Phone
Cable and internet
Storage (no choice)
Then you have food and gas and other items. Does that help any?
Thank you for your kind words! I may take on children to babysit, the only problem is that I home school my oldest. (That also cuts bills for clothes and other items). So trying to home school and take care of my baby and additional children might be tough. But something I will consider. Thank you so much everyone for the kind words and help. I am truly reconsidering filing now. I felt like all hope was lost and now I feel that maybe bankruptcy isn’t our best option. Thanks!

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My husband bought an older mobile home with land close to 10 yrs ago. The mortgage is on a balloon note and 11% interest. He bought with the intentions of building a house but he can not refinance because of the mobile home. I called our mortgage company and they agreed to do a short sale. Considering we are current on our payments and have been for yrs plus the fact that the lender is listing the debt as satisfied, will it affect our credit?

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own home in senior park in az , moms ssi is all we get im waiting for lawsuit cash that i filed i need to get a truck but we have to many open accounts and no cosiner and a 2003 buick to trade in 7300 owed on that going back to work were losing everything against doctors wishes HELP PLEASE TODAY SNEAKERS822@YAHOO.COM

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please help?

I am seeking Mobile Home Refinancing for my 1990 Fleetwood in park. What are best lenders? We are having problems finding someone who will refinance it, thanks

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I have been a sales person & sales manager in the Manufactured Home business since I was 18. Now I am 24 and looking to get in the car sales business. I don’t know a lot about cars, but when I started in Manufactured Home I didn’t know anything either. I won lots of awards & trips in the Manu. Home business and I consider myself a pretty good sales person. I sold the homes, secured the financing for the home as well, and helped with any service issues with the home. I was wondering from someone that has been in the car business how hard is it? Is securing financing hard for the loan hard? What are commissions like? What is base salary like? What is the more popular dealer(Ford, Chevy, Dodge, etc) to work for? Is it extremely stressful?

Thanks for any help!

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My husband & I are trying to get a loan for a 2002 manufactured home on 2 acres for ,900 in MS. We can put 10% down on the loan. We have been in the same apt for 7yrs. Will that count for anything? Both our scores are below 500 but we both have good paying jobs that we have been at a long time. Can anyone help?
We have tried the our local banks we were denied.

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I will put this question out there and hope for a more definitive answer. I own a manufactured home on land that we put on a foundation and were told that if we did that it would equal a site built home and go up in value. We also had an ARM that we did get fixed, but it is still at 11.3%. We now cannot get any type of refinance simply because lenders won’t touch these types of homes. Also it has gone down in value dramatically. When we moved into it in 2003 it appraised at 93,000 and we had appraised again in 2007 and it went down to 85,000 and that was before the home prices hit rock bottom. So I guess my question would be would it be for us to try to sell it for what we owe on it, which is about 74,500, and get out from under it before we are completely underwater, or keep it and hope things get better? Any suggestions would be greatly appreciated. Any other manufactured home owners out there have any input on this? Thanks!
I also forgot to add that the home is affixed to the land, making it a land/home package, so there is no way to separate the home and sell it outright even at a loss.

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We own a 2005 manufactured home purchased new from Clayton Homes and financed through Vanderbilt mortgage company. In 2005 we accepted an interest rate of 9.75% due to a slow credit problem. With the current economic slowdown, we are consistently 1 month delinquent and to make our anxiety worse, Vanderbilt sends a local representative to our home once a week to harass us . The man has spoken to my son and others in our absence. We are in communication with Vanderbilt, however they lie and write notes that there is no communication from us. Please advise us how to lower our interest rate with very poor credit and stop the wolves from coming to our house because the anxiety this is causing is fraying my nerves considerably. I shake at the sound of a car in the driveway now.

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This may be a stupid question but here goes. I have family who own 7 acres of land with two mobile homes sitting on it. They owe about 50,000 on everything. They have really good credit, can they refinance and borrow extra to have a home build on that property? Cost to build would be around 70-80,000.

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i would ask my loan officer but its the weekend so hes not in. we’re just trying to keep our minds open while im researching.

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I know most of them come in regular siding or occasionally the log siding. I really want stone though, is this going to be possible? If so, do you know which dealers might offer them. These are the ones in my area… Oakwood, Nationwide, Clayton, and Freedom Homes.

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I purchased a mobile home 8 yrs ago ()in a park with no land as viable asset) and I do own another home. I have exhausted all avenues for getting it sold, refinanced, (Note holder is Vanderbilt and they REFUSE to help), renting, short sale, etc. I am at the point of walking away cash for keys sort of thing. This one is a rental and I can’t even rent it to pay the note on it. The economy is extremely tight here for real estate rental market. I know I am going to take a hit on my credit but since I pay cash for most everything I buy I am not too worried. Do I need a lawyer to "walk away" or can I send the keys in with a disclaimer note and tell them I am done? I bought it from them out of a foreclosure and found out they did the same thing to previous two owners.

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I know it can be tricky obtaining a mortgage on a Manufactured Home but I didn’t think it was this tough!! I have found a 3 acre property with an attached mobile on it that I would like to buy. The problem is the only lender I have found is requiring a min 20% down payment. I would prefer to put down about 10 – 15% and use the remaining money to purchase points as my credit score is approx. 625. I do have a co-signer so approval should not be an issue but I am curious to see if anyone has any other suggestions that may be better. Thanks!!

Oh.. also I am worried about shopping around for financing due to the multiple hits negatively affecting my FICO… how can I avoid this??

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I’ve owned my house for seven years. I do not have an adjustable rate mortgage, and, in fact, my house payment is not too unreasonable as it is pretty comparable to most of the area rents in this area. My problem is that I have a job that doesn’t pay very much … actually less than an hour, and my income has not increased with the cost of living. I also have two teenagers and the support money I use to make my house payment will end in three years. At the time I bought the house, I was making slightly more than I am now, and, of course, I thought my income would increase with time, which it hasn’t. Also, I’ve tried to find a better job for the past four or five years, and although I’m called for interviews, I never get the job. I’ve also tried to find a part-time job, but the part-time jobs I’ve interviewed for don’t want to work around my full-time hours. Also, my daughter, the oldest, works a part-time job to pay her car insurance, but lately, her income has actually been going towards car repairs. At the present time, we’re sharing my car. Also, I might add that I’m within the poverty income guidelines and would have to make another 5 a month not to qualify for such things as HEAP and insurance for my kids. I’ve also been placed on the waiting list for low-income housing … I even qualify for that.

Recently, a mobile home became available for rent in my area. The rent is half as much as my house payment. Although it is only a two bedroom and I have a boy and a girl, I could sleep on the couch … I could make this work because I could actually help my kids out. Both are talking about education past high school, and I worry that if I’m unable to help them out once they’re out of high school, they’ll become discouraged and quit to get a mediocre job like I did when I was young.

At the present time, I have difficulty in buying groceries and keeping up with my utilities. I cannot save money because I don’t make enough to save. Each time I attempt to put money away, I have to help my daughter buy a part for her car or something around the house breaks.

I’ve attempted to refinance. Chase told me I didn’t have enough equity in my home and I barely made enough money to qualify. This, of course, was after they took my 0 in refinance fees. I’ve attempted to do a loan modification with the help of a HUD-approved counselor. Chase told me that they don’t lower payments. I really don’t know what to do other than walk away from the house, but I fear what will happen if I do that. At this point in time, I’m not concerned so much with my credit rating because I don’t actually make enough money to buy anything anyway. I’m more concerned with garnishment of my wages because I’m barely scraping by now.

Any suggestions? Has anyone else gone through this?
I might also add that after my divorce about four years ago, I filed a Chapter 7. At the time, I thought I might be able to save my house, so I didn’t include it in the bankruptcy.
Also, I do have more in the home than it is worth. I received grants to do improvements and make repairs that did not have to be paid off as long as I stayed in the home. I just spoke with the county yesterday … those grants, which are considered second mortgages until 10 years have pasted, now come to about ,000. From what I understand from reading information about deed in lieus and short sales, with the "second mortgages", I’m unable to do either.

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When my hubby and i bought our car, the car dealer found a bank to finance us. is buying a home the same way? Or do we have to hire someone else to help find someone to finance us? Its a manufactured home were talking about getting. And can the land and home be financed together? another question is, do you always have to put a down payment down? we didnt on the car.
Were young (18 &19) but we have good credit, our own appartment, own car(newly financed 2007 model), and a capitolone credit card. We have good jobs and have been working full time since 16. I didnt want an extravagent home, just one 20,000-40,000$. its going to be a starter home so I dont want to spend too much. Ive been looking at Actual homes to but cant seem to find any i like.
No we shopped around for the car. shopped for a few months actually. I thought we got a good deal. apr-8%. monthly payments 426 but thats including gap insurance and financed for 5 years only.

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I own a Large Doublewide Mobile home in South Alabama on 1 acre of land. I am in Chapter 13 currently and wish to refinance the balance of my Mortgage with the balance of my bankruptcy. Total Payout is ,000.00 with collateral appraised at over 0,000.00. ANY IDEAS FOLKS!!! I am needing to act fast!!!!

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I owe about 63,000 and currently have had the home on the market at 89,000 with not one single person looking at it, we live in a park so the land is rented and I’m spending about 1,300 a month on space rent and morgage combined. We now have a baby on the way and I would love to get out of this situation and into something more stable to have a family in. If only I would have known all I know now before I purchased this home, what can I say young and dumb.

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My 61 yr. old single friend had an auction yesterday to sell her owned manufactured home and owned land in Largo, FL.

It is free and clear.

Several bidders were present and the auctioneer sold it to a known neighbor who bid ,500 with a ,000 cash deposit.

Another neighbor bid ,500 but dropped out at ,500.

Closing is to be July 17th, but last night the buyer called her and NOW says he can only come up with ,000 more.

He wants my friend to finance him for the rest with a promisory note for roughly ,500 at 8-3/4% interest.

Who is the best person to hire to handle this? My friend is confused.

I told her to talk to her auctioneer first, then hire an attorney.

The 2nd neighbor (who bid ,500 (,000 less) claimed he had all "cash".

Should the auctioneer just contact the 2nd party to see if they will stil buy at ,500–or, have another auction–, or accept the deal and take monthly payments.
I think she could use the monthly $
.

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