few things wrong from the looks of the home inspection. I am very concerned I am 67 and have 5 years to pay for this should I have someone look all the things wrong or should I back out before I give the rest of down payment It is not a lot of money but for me it is. I like the house but am very worried. for instance they said air conditioner was 5 years old it is 10 yrs old and thing like that

Technorati Tags: air conditioner, home inspection, money

My loan officer said we could get our new home while having our current home on the market if we did one of two things- paid off our credit card debt or for me to get a job to cover the minimum monthly payments on the credit card debt. This was the only way for us to have two homes at once. If neither of those things could be done, then we had to sell our current home. We paid off almost all the debt and I got a job that covers the minimum credit card payments and some and not to mention my hubby got a 6% raise. We paid down the debt by selling every piece of furniture we own and other odds and ends and even my husbands car. Now, after all this, a hard hit on my credit and frustration with a loan officer who cusses, never returns phone calls or emails and hangs up the phone on you, none of the things that we did to get our new home would have helped us, except to sell our current home. Our new home will be under rural development and RD never allows a second home unless the current home is a manufactured home or trailer. So, we sold everything, took a hard hit on my credit and got a lousy minimum wage job for nothing. Luckily in 6 days we will be closing on the sale of of current home and closing on our new home, but having our new home does not make up for the fact we are out furniture and a car, when those things did not have to be sold in the first place. I even talked to the bank that is funding the mortgage and they said it sounds like my loan officer was stalling us (our new home is new construction so our loan has been processing for 5 months pending the finish of the construction) in hopes our current home would sell so she could make a buck. What can I do to recoup the damages? I want at least a refund on the money we spent for this loan officer to process our loan. ideally, the money spent to process the loan and money to replace our car and furniture. What can I do?

Technorati Tags: 5 months, credit card debt, credit card payments, damages, frustration, hubby, loan officer, manufactured home, minimum credit card, minimum credit card payments, minimum wage job, money, mortgage, new construction, odds and ends, phone calls, piece of furniture, rural development

Less than superb credit (just discharged from bankruptcy) I own the home out right, would like to finish a remodel and put money away in savings. What are my options?

Technorati Tags: bankruptcy, money, remodel

“Companies located in New York, Pennsylvania, and elsewhere across the United States are fully capable of manufacturing the range of clean-energy components, and U.S. wind farms and other clean-energy projects financed with stimulus money should be buying American-built parts,” the letter reads.

The letter comes on the heels of a report by the Investigative Reporting Workshop and ABC News, which found that eight of every spent on wind energy projects through the stimulus package went to a foreign company. Total recovery funds spent on wind energy projects total nearly billion.
The report estimates stimulus funding for wind projects have created roughly 6,000 manufacturing jobs overseas and just hundreds in America. Thus far, the Recovery Act has paid to create 1,807 wind turbines to fuel American homes, businesses, schools and other buildings. Just 588 of those were manufactured domestically, according to the report.
At a press conference Wednesday, the Senators pointed to a specific wind farm project in West Texas that is seeking an award of 0 million in stimulus funds for a .5 billion project. According to Schumer, the Texas project would create around 3,000 Chinese jobs and just 300 American jobs.
"The goal of the stimulus is to strengthen the American Economy, and that means creating jobs here in the U.S. not in China," he said.

http://www.economyincrisis.org/content/outsourcing-americas-stimulus-jobs

Are they going to step up to the plate and confess to the American people that they have no job because of their actions?

What about the debt how will they pay that off if there are more and more Americans losing their jobs?

Technorati Tags: abc news, american economy, china, clean energy, energy components, investigative reporting, job, manufacturing jobs, money, recovery act, schumer, senators, stimulus package, wind energy projects, wind farm, wind farms, wind projects, wind turbines, york pennsylvania

My boyfriend is giving me 8,000. 5,000 for a manufactured home, ,000 for school loans, ,000 to start a business. He is having the funds transferred to my bank at the closing of a real estate deal by the escrow company.

I expect I will be writing checks almost immediately after I receive the funds for the home and school loans. But if I don’t is it safe to keep all that money in one account? I plan on putting ,000 in a business account under my DBA. Is it safe to keep this amt in one account? Would this amount be insured by the fed?

Technorati Tags: business account, checks, dba, escrow, manufactured home, money, real estate, school loans

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.

Technorati Tags: 8 years, amd, dirt road, downside, first home owners, incomes, mobile home, money, mortgage, park fees, wife name

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!

Technorati Tags: appraisal fee, apraisal, bad news, brokerage, credit score, current mortgage, income equity, job, manufactured home, money, mortgage broker, oversight, wholesale, wholesale lenders

We live in a manufactured home that is approximately 13 years old. We have just found out that we have a "50 year roof" but that 2 skylights were not installed properly and are causing leaks. We don’t have the money to replace the roof and skylights and cannot get a loan to cover the expense. What can we do to minimize the damage of the leaks? Neither my husband or I have the skills for doing the reroof ourselves.

Technorati Tags: 13 years, leaks, manufactured home, money, reroof, skylights

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

Technorati Tags: interest rate, money

I have a FHA refinanced (deed of trust) mortgage on a manufactured home in California, Due to cutbacks at my job I am not able to make the payments anymore. Can anyone tell me how to find out if my loan is non-judicial? Meaning how do I know for sure that the bank will not come after me if they are not able to recoup get the money owed on my loan.
What steps should I take to ensure I will not have to pay anything.
Thank you very much for your detailed answer, you have made me feel a little better about my situation.

Technorati Tags: deed of trust, fha, job, manufactured home, money, trust mortgage

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"

Technorati Tags: allpolitics, artificial life support, banks, building houses, bush administration, cnn, conservative line, conservative opposition, democrats, economic growth, economy, housing bubble, income loans, money, news story

I have loaned money to someone and in return they gave me their title to their manufactured home which she is trying to sell. The title is signed by the previous owners but not dated and not signed by the person I loaned the money to. The park that it is located in has filed a landlord complaint too. So should I file a lien before they do? I do have title and a handwritten note signed by her stating she owes me the money.What is the best thing to do to protect my money?

Technorati Tags: handwritten note, landlord, manufactured home, money

My husband and I are getting a manufactured home. I called an insurance agent to get a quote and they asked me if we needed to insure the purchase price of the house or the total loan. I have no idea. We borrowed money for the house, basement, septic, well, running electricity and excavation. Should we be insured for the total loan or just the house?

Technorati Tags: electricity, excavation, insurance, insurance agent, manufactured home, money

Do you think when imports suddenly become way more expensive due to the collapse of our (US) currency and The World’s unwillingness to loan U.S. any more money (finance the National Debt), it will result in invigorating our domestic manufacturing and service industries?

Important jobs like mule-breeder (for agriculture) & farm hands, Iceman (when cap&trade eliminates electricity), train conductor when everyone must use mass transit because nobody can afford gasoline any more, and of course Bread Line Monitor because large crowds require security personnel. And don’t forget prison guards. The prison growth industry has a very bright future.

Technorati Tags: agriculture, amp farm, bread line, bright future, collapse, electricity, farm hands, gasoline, jobs, large crowds, line monitor, mass transit, money, national debt, prison guards, security personnel, train conductor, us currency

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 am interested in purchasing manufactured homes (mobile homes) on loans, and create a mobile home park. How do I go about it? Where can I buy the houses at factory prices? What permits, licenses do I need? What kind of loans should I get? What is the minimum down payment required? I want to start with five, then use the profits to purchase more mobile homes. Must be in Ohio for the time being. With more money, I will consider other states. Another option I have thought of is apartment houses from Ritz-Craft. Advices given would be appreciated. Landlords or owners of apartments and rentals only. No people thinking they know what they are talking about, please.

And I do not want to live on the same property among the tenants.

Technorati Tags: apartment houses, apartments, home park, landlords, loans, manufactured homes, minimum down payment, mobile home park, Mobile Homes, money, profits, ritz

Are there any websites I can post my home for sale? I don’t want to go to a realtor. And I have no interest in making payments on a ,000 loan with 17.5% interest rate. Can I let it go into foreclosure? I owe more then it’s worth and i don’t have any type of updates done to it. So it doesn’t really stand out from the rest of the homes for sale in the park. If I let it go into foreclosure, and it only sells for less then I owe, will I be sued for the rest? What if I don’t have any money to pay for the rest owed on the home? Or what if I don’t pay my lot rent, and get evicted. Will I still be responsible for my mortgage payment on the home and the lot rent even though I got kicked out? I have never been 30 days late on my mortgage, but can not do anything with this high interest rate because my husband and I have bad credit. Any suggestions would help. Thanks

Technorati Tags: bad credit, foreclosure, high interest rate, homes for sale, money, mortgage payment, realtor

The nation’s largest builder, distributor, contractor & lender of manufactured housing under the Clayton umbrella? Whose company, Vanderbilt, routinely finances anyone with a sizable downpayment on the spot with interest rates at unheard of highs, with just a phone call? Then, just as routinely, repossesses & resales these homes? Whose finance company refuses to refi those same loans as credit improves & threatens to pull its financial backing from any bank that would?

http://www.ripoffreport.com/reports/0/196/ripoff0196515.htm

I have seen this man finance a 120k park loan for a 22yo making minumum wage with 35k down from a inheritance. How long could a single 22yo living alone make payments on such a loan? @ 16%+ interest? Having been offered employment with his company, I declined because I did not have the stomach for it.

Should Hillary be accepting the support of a man who has made a fortune from exploiting our lower classes this way?
If you have ever walked into a Clayton lot, you know these guys are hard sale…
Dashloc, Gustooch, thinking that this woman and her cohorts could sit in our WH, scares the heck out of me.

What are people thinking? Are they just that uninformed?
You are right, Barry.

Land, money – Buffet will strip unwitting buyers of either and not bat an eye.

Technorati Tags: amp, cohorts, downpayment, finance company, financial backing, fortune, heck, hillary, inheritance, interest rates, loans, manufactured housing, money, stomach, umbrella, vanderbilt, wh

This is a re-post as I don’t think my first question was clear enough.
I am trying to purchase an REO Manufactured home. I am approved FHA and paid for an inspection. The home is in VERY good condition for the price, but there are a couple of issues that MAY come up for the appraisal. If I have an appraisal done, and the bank that owns the property refuses to fix the items required to close, I have to pay the appraiser 0, so I’m trying to work this out before the appraiser goes in.

Is it unusual to word the from 35R as "seller must fix all items required by appraisal to close at sellers expense"? Is that an acceptable way to word it? The items that MAY become an issue would cost no more than k to fix, and I’d even be willing to reimburse 0 of it at closing. I don’t want to lose the house over 2k in repairs, but I also don’t want to put any more of my money on the line (already put 0 into this).

The seller has stated its an "as is" property, but I’m not asking for anything to be done that the appraiser wouldn’t require in order for it to be financed. And yes, the seller was made aware from day 1 that I’m an FHA buyer.

Any tips, suggestions, comments? Please state your source and thanks for the input.

Technorati Tags: fha, manufactured home, money

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??

Technorati Tags: acre property, co signer, credit score, fico, manufactured home, money, mortgage