I paid the lender a 0 check towards closing costs but the lender has failed to close due to title issues(manufactured home title) do I get this back from them due to the fact they never actually closed on the loan?
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Was just wondering if anyone would know if it was possible to buy land through a conventional loan, and then use a FHA loan to pay for the manufactured house?
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He calls it the greatest depression. He says the government and huge corporations have colluded and left the middle class out. Only the super rich are getting bailed out while the rest of us have to work as stockers at Wal-Mart and home health care aides working for minimum wage. And he says the manufacturing base has dwindled down to nothing. Agree?
http://finance.yahoo.com/tech-ticker/article/535350/And-Now-Were-Headed-For-The-GREATEST-Depression%2C-Says-Gerald-Celente
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The adjuster came out and said State Farm would decide on a repair figure on the home and contents, then apply applicable depreciation and cut them a check. There is a loan against the property. I don’t believe my parents will have enough to properly repair the home since the State Farm adjuster is representing the interests of the insurance company. Are we entitled to have independent adjusters come in for other assessments? One of these independents came in behind State Farm and told us he could get us a better deal with commissions being paid by State Farm on the dwelling, and my family from the contents portion of the settlement. He showed ID that he was licensed by the CA Dept of Insurance. I am the most concerned about the dwelling because if they total it, my parents won’t get enough to replace it. They needed to sell them home this July because of a decrease in income. The claim now needs to be disclosed to a buyer. We want a new manufactured home instead of repair.
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The adjuster came out and said State Farm would decide on a repair figure on the home and contents, then apply applicable depreciation and cut them a check. There is a loan against the property. I don’t believe my parents will have enough to properly repair the home since the State Farm adjuster is representing the interests of the insurance company. Are we entitled to have independent adjusters come in for other assessments? One of these independents came in behind State Farm and told us he could get us a better deal with commissions being paid by State Farm on the dwelling, and my family from the contents portion of the settlement. He showed ID that he was licensed by the CA Dept of Insurance. I am the most concerned about the dwelling because if they total it, my parents won’t get enough to replace it. They needed to sell them home this July because of a decrease in income. The claim now needs to be disclosed to a buyer. We want a new manufactured home instead of repair.
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My husband and I do not have a lot of money to put down. Plus our credit is rated fair. I am trying to find out if we would even qualify for a loan. We are looking at 3 different houses ranging from K to K. Plus does anyone know the going interest rate in MN. Thanks for the help
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The manufactured home with land in Minnesota. We have 620 middle score and have 10-15%downpayment. Is there anyone out there that can do this loan.
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My wife and I have existing debt (Some credit card, auto loan -mostly paid off w/ equity-, and student loans). Can we get a first time home loan with 0 down, and consolidate our debt into that loan? All together comes to about ,000
I am a veteran and am qualified for a VA loan more than likely
We have decent/good credit.
Also we are looking at a manufactured home with land combo valued at 0,000 … In a growing town in Washington state.
We make aprox ,200 together a month.
What if it appraises at higher?
So how is it determined how much it is that you get in your loan?
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Just some quick background info: My mom has a home on about 1-2 acres of land. We were hoping to order a manufactured home to put directly behind her house on HER property. The bank says that the land must be in OUR name in order to get a loan. Meaning my mom would have to deed us part of her property (which she doesn’t necessarily want to do). My question is, in order to get ANY kind of mortgage loan, does the land HAVE to be in our name? Or is there some kind of provision my mom can sign giving us permission to do this?
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Can i buy it with a mortgage type loan cuz they told me to look at houses and that are single wides or doublewides or manufactured homes but it is on a block foundation and dont know what my options are
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We are considering buying a manufactured home. We dont own land to put it on. Is it possible to buy and acre or so of land and a manufactured home at the same time? Would we need to get a seperate loan for each or can/should we combine the home and land into the same loan?
Im sure there are factors that I havnt considered so any helpful insights are welcome.
I know that manufactured hoems dont hold value. Our plan it to buy a large enough plot of land to build a home later on. Once the new home is built we would rent out the manufactured home. We would not have to worry about trying to sell it later on.
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My credit score is fair but my credit report shows late payments. Will anyone give me a mobile home loan?
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OK so heres the deal. Were stuck in a town we HATE and want out. We want a little farm on an acreage and keep seeing these ads that say if you own an acreage your guaranteed financing. And a few say they’ll even sell you an acreage with it… Whats the scam? Do you think that they charge high interest or what? I see these ads everywhere and just wonder if they offer it because maybe its easy to repo these things or what? Heres the latest ad I saw locally. Let me know what you think. Thanks!
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Huge Inventory home sale! Own Land or have Family Land use land to purchase new home! Need Land? Land/Home 1-20 ac avail. 3, 4, 5 bd Manufactured & Modular homes. Turn Key, we do it all! 00 furniture package with purchase. Call for approval: 888-878-2971 or 405-602-4526.
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The conservative line has been that the big bad Democrats forced banks to give bad loans which led to the housing bubble bursting. However I beg to differ. I think that the economy was so sick, that the Bush Administration saw housing as a form of artificial life support, that since we don’t actually manufacture things anymore, everything would be okay if we just kept people building houses which no one would have the money to buy. It produced false "economic growth" for a couple of years, but sooner or later that strategy’s going to catch up to you, as it did last year.
Just to show that there was no conservative opposition to no money, no income loans, check out this news story from 2004.
http://www.cnn.com/2004/ALLPOLITICS/03/26/bush.homes/index.html
oops I meant "rein in"
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i live in west virginia. i am wanting to buy a manufactured home. can i get an FHA loan?
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I BOUGHT THE MOBILE HOME 3 YEARS AGO BECAUSE THE OLD ONE WAS FALLING APART. I AM A WIDOW AND LIVE ALONE. I CAN NOT DO THE UPKEEP ON THE HOUSE OR REPAIR THE THINGS THAT NEED FIXED BECAUSE I AM NOT PHYSICALLY ABLE TO DO SO. THE STEPS THAT THE MOBILE HOME PEOPLE PUT UP ARE HIGH AND NEARLY IMPOSSIBLE FOR ME TO GET UP ANYMORE. I HAVE NO BACK STEPS AT ALL. I LEFT ALL THE CAPS ON BECAUSE MY VISION IS GOING AND I CAN SEE THE BIG PRINT BETTER. I AM NOT YELLING OR FUSSING. I JUST NEED HELP.
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I own it outright and the value I believe is somewhere beween 35,000-50,000. It was built in 1971 and I would now like to fix it up and then sell. It has been in the same location since it was built in an established park in the Las Vegas area. Im 62 years of age and retired in 2008 due to disability. Im currently receiving social security benefits, and will be doing so from here on out. I would like to obtain as soon as possible…..thanking you in advance for any and all information.
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have a client who owns a peice of land and wants to buy a manufactured home and affix it to a foundation on the land…looking for possible FHA lender such as Taylor Bean, Wells Fargo who might dabble in FHA Construction loan
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My fiance and I found a place on almost 3 acres and they’re not even asking 70,000 for it! His credit isn’t bad, but it’s not the best and mine is not even worth trying. The banks won’t even touch it and I was wondering if anyone knew of a company that will do an FHA loan on the house. He’s planning on putting a down payment as well.
It was built in 2002. If we can’t do the FHA loan, then what would be the best way to go?
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