I was wondering if anyone could tell me a good place to go thru to get a equity loan. I live in a manufactured home on a fixe foundation. It is paid for. I’m wanting to get a loan to pay off my bills that I really need to pay off. I live in Indiana. Thanks for your help in advance.
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My boyfriend love each other allot. We live an hour apart from each other and see each other almost everyday. His home is only 8 years old and he amd ex wife where the first home owners to buy it his home is cute and he finished the basement. The downside is that his ex wife name is still on the mortgage and she let him know she does not want it the judge said it can be all his if he can get it all listed in his name he cannot refinance since the home was based on two incomes. The home is away from everything on a long dirt road and the home sit below the driveway. I need advise on what he best thing to do is?
I live in a mobile home in a very nice park I live near everything. I don’t owe anything on my home and it is very nice if I sell it would sell fast and I could make good money on it and be able to use the money for a better home. The downside is that I have to pay 0 a month in park fees and get no privacy. I need advise on what the best thing is for the both of us to do?
I can’t rent out my home I live in a park. If he trys to sell his home it will not sell fast and the chances of him making anything on it are slim. I will not live with him unless we are married or engaged.
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We own a 1997 Double wide mobile home, we have been having some problems over the years with it…never knew why though. Til this year things have not been bad. But things got bad very bad, In mine and my parents bathroom their is alot of Black mold, The living room window unit which is huge 3 section window is falling out some, and We had talked to our finance and insurance company..(green Tree) They sent out a person who stated it was manufacturer default, Their were supposed to be Flashing in different places. The guy took pics, we were told we could get a copy and know we cant. Also found some papers it says we stop paying the finance we will be foreclosed on. But Are house is really not safe to live in No more, my dad has VA disability and can not work cause of his MS. so we dont have enough to pay on the finance and to pay for an apt. I really need some suggestions or to know if theirs a way legally to go about not paying are morgarge since are manufactured home is no longer a choice for us. Also trying to get a lawyer…not entirely sure though if this would be a liability suit or what. I live in NH and need all advice.
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Have I messed up by applying for two different home loan pre-approvals?
My husband and I applied for a home loan pre-approval a week ago. They said that we would qualify but we are still waiting on them to contact us with the actually numbers. This was for a manufactured home. Well, after much discussion we decided that we could be beter off just buying a modest 2.3 bedroom house that needs a little work and do the work ourselves. So, today I applied for a pre-approval FHA loan online with a local mortgage company. Did I just hurt our credit by doing this?/ Lessing the chances we will get either loan?? I know that applying for credit hurts your score but how much does it hurt it?? these are the only two times we have applied for credit in the last six months, with the exception of a Walmart Card…
Thanks!!!
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I want to move now. Found the house we want to buy, looking into the financing. One problem – can’t get rid of the place we’re in now and park prohibits sub-letting…also I refuse to put one more cent into this money pit as the loan is upside down…
Is it illegal to foreclose on a mortgage when you still have a job, (no financial crisis), simply because it won’t sell and it is appraised / assessed for less than owed to the mortage company?
What I want to do is get into the new place, then come back to the old place and gut every upgrade I put into it to use in my new home (I put k into the manufactured home 5 years ago). I figured it is mine to do so – but with the intent to stop paying the rent / mortgage once out… Could you have criminal charges pressed against you by your old lender for intent to foreclose? Is this like racking up the credit card before filing bankruptcy? I know that that is illegal – is this the same??
If yes. Then what options do I have? I do not want to live in this park community anymore..
Thanks for anyone’s information regarding my question.
Here’s the deal. I have found another house I want to buy. This one I have now won’t sell and is not worth what I owe. Now, I would not consider foreclosing until AFTER I got into the new mortgage and then drop off the old one a couple months later (that is if the old place doesn’t sell).
Is that illegal?
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We just applied for a manufactured home loan with a company called Mountainside Financial, anyone know if they are legit, supposed to be a credit union. There website is www.mountainsidefinancial.com, seems like a legit site.
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I was recently working with a mortgage broker to refinance my current mortgage. Everything was fine.. credit score, income, equity etc. The broker was very careful to check into everything prior to ordering an appraisal, a fee I was required to pay up front (0). The appraiser came, did his job. I get a call from the broker today, and although we have not yet recieved the completed apraisal, she informs me that she has some bad news. Since my home is a manufactured home (on a permanent foundation and considered real property), she now tells me that the wholesale lenders she goes through do not loan on this type of home. She appologized, said she should have asked me this, knowing that there are many homes of this sort in my area. I asked about what happens with the appraisal fee.. It’s my feeling that the brokerage should pay this fee and refund the money to me since this was not my fault. I could understand if my loan was denied after going to underwriting for some reason, but this was an oversight on her part… What should I do?? Thank you!
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We bought a home 5 years ago and we are trying to sell it. We recently discovered that the loan we were given wasn’t a mortgage, and the back of the loan says that "collateral not to be used as primary residence". That’s confusing, we live in a manufactured home in a trailer park, is this standard procedure, we are upset because this means our loan is now not assumable, and it’s really hard to find a buyer. Does anybody know if this is normal, or was I suckered into the wrong type of loan? Can I get in trouble for this, and will this affect selling my home?
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We want to get a loan to buy this property, We are first time home buyers but I heard they wont give loans for single wide manufactured homes. That is what is on the land. We want to build a house eventually but how can we get a loan for this property with a old single wide on it? I dont know if this will make a difference but it pretty much isn’t even a single wide anymore because the owner has built on so much to it. Will that make a difference when we go to apply for a loan? thanks for advice.
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I want to refi my Murrieta Ca. Mobile Home ( on permanent foundation). I have excellent credit ( checked) and the house is worth approx 3 times what i owe on it. What companies do this kind of refinance. I currently have an ARM.
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Is it possible to buy a piece of land plus a new manufactured home with an FHA loan? I would plan on having the home there permanately.. say a foundation. But, is it possible to buy the land and the new home all on one fha mortgage?
I wanted to buy a good bit of land, so I can eventually build a boarding kennel (business).
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We got a mobile home with GreenTree but having a hard time maintaining the payments most of the time. I wish I could get a lower payment like 300 to 400.
What could we do? It might take a few months to get back on track. If we could get out of the cash advances we got in the try and cover some but even they are making things harder. The bills range to 2200 monthly and finances are around 1900.
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GLOBALISATION
BY-T. RAVI KUMAR( SPICER COLLEGE PUNE INDIA)
Normally, a firm passes through different stages of development before it becomes a truly global corporation. Typically, a domestic firm starts its international business by exporting. Later it may establish joint ventures or subsidiaries abroad. From an international firm it may then develop into a multinational firm and finally into a global one.
Ohmae identifies five different stages in the development of a firm into a global corporation. The first stage is the arm’s length service activity of essentially domestic company which moves into new markets overseas by linking up with local dealers and distributors. In stage two, the company takes over these activities on its own. In the next stage, the domestic based company begins to carry out its own manufacturing, marketing and sales in the key foreign markets. In stage four, the company moves to a full insider position in these markets, supported by a complete business system including R & D and engineering. This stage calls on the managers to replicate in a new environment the hardware, systems and operational approaches that have worked so well at home. It forces them to extend the reach of domestic headquarters, which now has to provide support functions such as personnel and finance, to all overseas activities. Although stage four, the headquarters mentality continues to dominate. Different local operations are linked, their relation to each other established by their relation to the centre.
In the fifth stage, the company moves toward a genuinely global mode of operation. In this context Ohmae points out that a company’s ability to serve local customers in markets around the globe in ways that are truly responsive to their needs as well as to the global character of its industry depends on its ability to strike a new organisational balance. What is called for is what Akio Morita of Sony has termed global localisation, a new orientation .that simultaneously looks in both directions.
Getting to stage five, however, means venturing onto new ground altogether. Ohmae argues that to make this organisational transition, a company must denationalise their operations and create a system of values shared by corporate managers around the globe to replace the glue a nation based orientation once provided.
Ohmae further observes that today’s global corporations are nationalityless because consumers have become less nationalistic. True global corporations serve the interests of customers, not Governments. They do not exploit local situations and then repatriate all the profits back home, leaving each local area poorer for their having been there. They invest, they train, they pay taxes, they build up infrastructure and they provide good value to customers in all the countries where they do business. IBM Japan, for instance, has provided employment to about 20,000 Japanese and over the past decade has provided three times more tax revenue to the Japanese Government than has the Japanese company Fujitsu."
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