I will try to make this as brief and clear as possible. In August of 2005, my wife and I went to a mobile home dealer and looked at a mobile home. I will refer to it as mobile home A. The cost of the home was K. We filled out a credit application and signed a contract to buy mobile home A. The sales contract specified we were buying mobile home A for K. We got approved for a loan in the amount of K. I put a down payment on mobile home A, BUT on the reciept it did not show what the reciept was for, it just stated "for down payment". The mortgage company said we had to borrow the whole K or be switched into another home [or so we were told by the salesguy]. I told them I did not want to take on an K mortgage and wanted my money back. The dealership said we could have mobile home B [a smaller version of A] for K and it would only require us to borrow K for land. [did i mention we were first time homebuyers?} SO, the sales guy told me he had re-submitted a credit app with mobile home B on it [without my signature] and got us approved for that house and we needed to go find a K piece of land. Again no contract to buy home B, nor my signature on anything to do with B. SO, I went and found an acre of land for K to be rolled into the mortgage for a total of K. THEN on December 2nd of 2005, the supposed owner of the dealership came to the landsite and told us he had spoken with the city and the mortgage company and due to the size of the home [24x48] the bank would not finance it and the city wouldn’t allow a "small" doublewide due to zoning [which was bull]. The "owner" of the dealership said we had to switch into a larger home. The owner of the delaer said he had just gotten in a 2006 Fleetwood 28×60 that the bank would finance and the city would go for AND he would let us have it for K even though it listed for K. Fleetwood will be referred to as home C. SO, we were in a corner,for reasons that will take too long we took the house. AGAIN we [my wife and I] NEVER signed a new credit ap,nor was one submitted, nor did we sign a sales contract on home C [the one they delivered]. At closing, I noticed that the mortgage was made out on HOME A’s price, and had HOME B’s VIN , so told them I wouldn’t sign until my lawyer came to help us. The closing agent said she had called the bank and the bank told her to "white-out" HOME B’s VIN and put in HOME C. On several pages, the mortgage is made partially on HOME A,B and a partial VIN on HOME C. The closer said if we didn’t sign it, we would lose our downpayment, our credit would be ruined and the bank would immidiately call in the loan and they denied us having our attorney present and the dealer picked the closing place and picked the home insurance [which he was the agent]. BIG PROBLEM- in 3 years this house has NEVER had a title issued [per state records], NEVER had a lien on it [per state records and the bank is wanting to take possession of the house [foreclose] b\c [as i have told them repeatedly] they don’t know where to appy payments as there are 3 homes on the mortgage.I talked the bank into a short sale – PROBLEM title insurance could NOT be written b\c of the scew up-s on the mortgage. I had to give the VIN to our home to the bank, and the buyer [who backed out] and they foreclosed on the correct house BUT- the state says there has never been a lien on this house. I even took the VIN to my bank, and they say it shows up with no liens. I hired an attorney. The land desciption is correct. The bank said in court they were going to give us the house [C] if we moved it BUT that they "foreclosed" on the RIGHT home, so they aren’t going to do anything now. My lawyer has gotten a continuance, but is stumped. If there never was a proper lien,nor title, nor sales contract and the mortgage was OBVIOUSLY tampered with [changed] at closing- does the foreclosure over rule the fact that the bank NEVER had a proper lien ? EVEN they admitted it. OR does the foreclosure over ride it , even though the house coulldn’t be [and can't b\c of the screw ups on the mortgage] sold? It all boils down to we got approved for home A, the mortgage states we own home B [in places] with home A’s price, and it partially has Home C’s vin, but NEVER was a lien, nor title put on home C. Anyone with case law or statutes? Please help. Also, Fleetwood voided the warranty on the house 3months after we took delivery b\c they showed the house was still in inventory, AND the house was manufactured 2months AFTER the date on the reciept for the downpayment. The dealer went out of business the first time we tried to sue, also. Plese don’t send in derrogatory comments. This shouldn’t happen to anyone. Thank you.
I did take everything to the state attorney general’s office– he said he knew the owner personally and he "would never have commited such a crime" <–Atty Gen.’s words in writing. Just need to know if the mortgage is valid without a proper lien on the home and b\c the mortgage was altered. Thanks

Technorati Tags: acre of land, credit application, first time homebuyers, fleetwood, mobile home dealer, money, mortgage company, reciept, signature

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!!!!

Technorati Tags: acre of land, bankruptcy, chapter 13, collateral, doublewide mobile home, mortgage, south alabama

Ok, I’m in the market for a brand new double wide and I’m wondering how much is too much and what is considered too cheap (low quality). I know it varies by options, size, etc. but I’m looking for a sampling of what people actually have been paying so that I know I’m not getting ripped off. I’m looking for people to answer that have bought them brand new within the last 5 years.

What is the size of your home? Dimensions, How many BR/BA?

Who is the manufacturer?

What year did you buy your home?

What was the sticker price of the home by itself?

Were you able to talk the dealer down on the price? If so, how much?

Did you have to pay to have a site readied? If so, how much? How much for septic, utilities, clearing the land, etc.?

If you did land/home financing, how much was your land and how big is it?

What was the total amount of your loan?

How much did you put down?

Can you itemize what all is included in your loan and how much for what?

Have you had any problems with your home since you bought it? If so, did your warranty cover it?

On a scale of 1-10 how satisfied are you with your home?

Anything else you care to share about your experience?
I did look at used ones at first. The ones around here are going for (and selling for believe it or not) 0k and more. A single wide on 1.5 acres of land that was 3 years old sold for k. A double wide on 2 acres that was 4 years old was 0k. Site built houses around here are out of the question if you want something actually worth living in at a price you won’t have to sell your children for. A friend of mine just bought his first house, a 2 bedroom 1 bath, 900 sq. ft on a 1/2 acre for ,000. The dealer I spoke with quoted me k for a 32×62 installed with utilities and septic on an acre of land. When properly installed, they go up in value.

Technorati Tags: 3 years, acre of land, ba, first house, home financing, low quality, sampling, sq ft, sticker price, warranty

My credit score is in the low 600s, less than 620. My husbands is in the 500s. Both score are the results of ex’s, and we have been working to bring them up for a while now. We would like to purchase a manufactured home around April 2008. We have 1 acre of land that we own free and clear and about a 15% downpayment on a ,000 home. Does anyone know what our chances are of getting a loan? If we cannot get one qwith that criteria, does anyone know how much more down we would need or what our minimum score would have to be? Thanks.

Technorati Tags: acre of land, credit score, downpayment, getting a loan, manufactured home, minimum score

Let’s say that I buy a manufactured home for ,000 and put it on 1 acre of land. When everything is said and done, what do you think the final price and monthly payment would be if I had it financed for 30 years? This is, of course, including builder fees, shipping of the home, land and what not.

I’m in Virginia if that’s important.

Technorati Tags: acre of land, manufactured home

4 years ago I bought my home. At closing, the company I purchased it from contacted me to tell me not to be suprised as I was going to be asked to sign a 2nd mortgage. I was told "this is not a real 2nd, but only on paper as the mortgage company will not fund without the 2nd". This is due to the home being a manufactured home on an acre of land which finance companies do not feel are solid investments as too many people foreclose on them and thus they can only fund 75% of appraised value.

So, it was done and no, I haven't been aske to pay a dime. Now, I am trying to refinance, and the former company is stating they will not sign off on the 2nd but they will reduce it by ,000.00 which the mortgage company says No way. The mortgage company has had dealings with this company before and states it is a shady company.

Now the mortgage company is taking 7 months to close, my ARM is going up to 0 Sept. 1st and I am working my hind end off to make ends meet.
Should I wait to see what mortgage company will do or seek legal assistance?
Do I have a case? The second has only my signature and the company's name but not the owner of the company who is stating this money is owed after 4 years.

Technorati Tags: 7 months, acre of land, finance companies, hind end, investments, legal assistance, manufactured home, money, mortgage company, signature

I have a 5 year old mobile home and just over an acre of land in florida that I would like to refinance because they each have seperate mortgages on them. I need to find some one that will handle mobile homes. thanks

Technorati Tags: acre of land, mobile home, Mobile Homes, mortgages