When we asked about the title later it was then given to us but without the right sellers name on it (previous owners). I had to take the title myself, find the original owners and get their signatures, then take it and get the name changed on it in which it was put in my name. However, when we closed on the property(the actual loan) it was only put in my spouse’s name. Can a mortgage company foreclose on a home that was sold under false pretenses. We bought the home from one person who technically did not own the home……Ugg please, help!
You are absolutely correct, they did not want to close on the property because it was not "a-fixed" to the property however, our closer went ahead and closed on it anyways without that documentation. She was then fired the next day when we called back to talk to her. We have since, called the title company in which we are getting the run around. Now we are trying to get a loan modification and have been waiting over a year for any information……nothing!

Technorati Tags: false pretenses, foreclose, loan modification, mortgage company, signatures, title company

Ok…Im just a nervous wreak. We are trying to buy a brand new manufactured home, through a USDA loan. We were pre-approved, and I sent in all the proper documentation to the mortgage company. They now tell me that they will send it to underwriting. Ok, she keeps telling me everything looks good, but I am still nervous….we have found the house, locked our price and done everything up to this point….is my odds good that it will go through underwriting. I just dont understand clearly any of this

Technorati Tags: manufactured home, mortgage company, odds, proper documentation, usda loan

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!!!

Technorati Tags: fha loan, home loan pre approval, lessing, manufactured home, mortgage company, score, six months, walmart

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!!!

Technorati Tags: fha loan, home loan pre approval, lessing, manufactured home, mortgage company, score, six months, walmart

We are considering buying a manufactured home on a great piece of land in an upscale neighborhood for cash. It seems to be a good deal even though I know manufactured homes are looked down upon when it comes to resale value. The title search at the county revealed that next to serial # and HUD label it stated PERMANENT FOUNDATION-18551.
If we try to resell the land + manufactured home later, will a mortgage company finance both for a new buyer?

Technorati Tags: company finance, hud, manufactured home, mortgage company, resale value, title search, upscale neighborhood

I live in Charlotte and my home is in good condition. My mortgage company (Chase) will no longer refinance Mobile homes even though they currently have my loan. They say they are unable to refinance because "they just don’t do it anymore". They were unable to give me a company name to try and refinance and the companies I have contacted myself wont do it with land. That makes no since to me at all. My property/home are considered "real property". I could really use some help on this. Thank you for taking the time to read this

Technorati Tags: chase, Mobile Homes, mortgage company, taking the time

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

Ok so your trying to sell a house for 67,000 its a manufactured home, year is 77 3 bed 2 bath, and sits on 1/4 of an acre nice condition good area but its been on the market for a while and it hasn’t gone yet

Here is the reason, the foundation is old and it needs to be updated before any mortgage company will touch it.

a person makes you an offer, they know a contractor that will jack up the house and upgrade the foundation, it’ll be 4 to 5 thousand for the upgrade, the buyer wants you to upgrade the foundation, then buyer offers 65,000 plus asks you to bundle the closing cost into the final sale, which brings it back up to 67,000. with the cost of the upgrade and bundling the closing costs, a profit of 60,000 7,000 less then asking..

so.. would you think this is a good deal? knowing the house hasn’t sold yet because no one will finance without a proper foundation, unless they have a whopping 20% down..
by the way i am the buyer concidering making this offer.. the house is nice, in the area we want to live in and within our budget so that i can remain home with our still young children…

Technorati Tags: budget, closing cost, manufactured home, mortgage company, proper foundation

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?

Technorati Tags: balloon note, building a house, mobile home, mortgage company

When I got divorced we agreed he would take over the mobile home, including payments. Unfortunately he was unable to refinance into his name alone. I wasnt worried because it was in the divorce decree that he was taking the home. Now he is going ch13 and the mortgage company is coming after me. i have absolutely no income and dont know what to do. I have been advised to go ch 7 to clear my self of this huge debt.

Technorati Tags: ch 7, ch13, divorce decree, mobile home, mortgage company

We bought a Manufactured Home in 2006, but the house is worth less the what the actual loan-amount is. The Mortgage Company does not re-finance, never been late and been paying more every month.
The house is build in 1997.

Technorati Tags: finance, manufactured home, mortgage company

How do I get my name off of a mobile home title after bankruptcy?
I filed bankruptcy back in 2000. This mobile home was included. I had a co-signer on the mobile home who decided to keep it (he just kept making the payments). He does not; however, keep the decals up to date and every year or two I have to go through the same thing again with the clerk of the court. They threaten to suspend my license because the decals are not paid. I called the mortgage company and they say the only way to get my name off the title is for the co-signer to refinance. I tried to explain to them that I filed bankruptcy. All to no avail. Are they right? Do I have to get in touch with the co-signer and convince him to refinance? What is the point of filing bankruptcy if I am still going to be responsible for a property?

Technorati Tags: avail, clerk of the court, co signer, decals, filing bankruptcy, mobile home, mortgage company

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?

Technorati Tags: balloon note, building a house, mobile home, mortgage company

I have managed to fall behind another 3 months, now the mortgage company (WAMU), I’m not going to mention them by name, are trying to take me back to court and have the Motion for Relief to Stay lifted so that they can go ahead with starting Foreclosure procedures. I hear, in Texas, the whole process is usually done in about 3 months. Most cases dont even make it to the Judiscial level!

Technorati Tags: foreclosure, mortgage company, wamu

We've been living her for 4 years now. Always made our payments on time. The mortgage company we have doesn't refinance mobile homes. We've looked into other companies, but unless you have brick underpinning they won't do anything for you. I've tried selling this place but no real estate agent will talk to me because it's so hard to sell a mobile home. When we bought this place, the company said we could always refinance in a few years to get a lower payment. They weren't willing to do brick underpinning because it wasn't within the loan amount, and we got the least expensive home on there lot. I admit we had bad credit at the time, but our credit has improved considerable since buying this home. We have 3 kids and one on the way and it's only a 3 bedroom home. I want to add on to this home or find a home that we can afford and is bigger. What do you suggest?

Technorati Tags: bad credit, brick underpinning, mobile home, Mobile Homes, mortgage company, real estate agent

I was laid off from my job at the end of March…1 of about 90 (automotive manufacturing). I honestly didn't think it would get up to me, I was pretty high on the list and there's only about 150 people that work for our company. They told us on a Wed that Fri would be our last day, so when I got off work Wed I went to a local Credit Union to see about refinancing my house to get a lower intrest rate and lower my house payment, I had HR at work send proof of employment to the bank before I signed my papers that Friday (the loan manager said that was fine, I didn't tell him I was getting laid off). I haven't heard back from him and its been over a month and I've called several times questioning him about it, he keeps saying he'll have to get back with me. Anyway, I'm not holding my breath on him to call me back, are there any programs I can look into? I have already talked with my mortgage company and they said they won't refinance anything if I don't have income. And for the people that are going to say GET A JOB!!!! Well, I would but I'm going back to school M-F from 8-3 so I can better my life doing something I want to do and not something I have to do, I don't want to work in a factory my whole life and now I have actually got the chance to better my life…I'm also a single parent taking care of 2 kids, I'm at school while their at school and we get home at the same time. A part time job would be hard because I don't have anyone to watch them while I work. And as long as I'm in school, they'll pay me unemployment. but with losing my job I lose 0 each week and that makes it harder for me to pay the house payment. Only serious people, please don't be mean, tell me I'm lazy because at least I'm trying to make a better life for me and my kids and I don't want to lose our home and I don't want to put it up for sale, and I've worked so hard to get this house. I've used my savings to make up for what my unemployment doesn't pay and wouldn't even have the money to put down on another place if I did sell it, and if I have to forclose on the house, it'll look bad on my credit that I worked so hard on for the past few years to get good so I could buy this house. I'll only be in school for a year and I'll have my diploma and be able to get a decent paying job, but I need to lower that house payment so we won't be in such a bind until after I graduate and get the job.
To let you know I talked to the guy at the Credit Union today, he said there was a program out there for people that have been laid off that will lower their intrest rate and will be fixed rate until they get back on their feet. He's looking into that for me and thank you to everyone that helped. Hopefully this newly discovered information will help someone else and we'll still get to stay in our home. ***PRAYING***

Technorati Tags: automotive manufacturing, better life, fri, going back to school, holding my breath, intrest rate, loan manager, march 1, mortgage company, part time job, proof of employment, several times, single parent, unemployment, whole life

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

We need a mortgage company that can work with 501c3s and older manufactured homes. This is an animal sanctuary on 20 acres in northern Idaho with 3 dwelllings for staff and 4+ for animals. We need to refinance. Does anyone know where we can turn?

Technorati Tags: animal sanctuary, animals, mortgage company, northern idaho

Ok heres the deal my parents credit isnt the best. They do have bankruptsy on their credit and deleinquit payments on the house. Right now they are up to date besides a couple late fees. My parents tried calling the Lend America that has to do with President Bushs new help the economy BS. Anyways they were going thru the process and a month later the guy calls my parents and tells them that they cant help because they live in a subsidised home ( manufactured home) So my question is does anyone know of a Mortgage company that works with people with less then perfect credit. I really want to help my parents but Im at my ends dont know what else to do. My parents are on an Arm rate right now and everytime the payment goes up its an extra 0 and they cant afford a 00 payment. There company their with now say they cant put it in a fix rate but wont tell them why. Im ready Im not sure what else to put in for information but if anyone can help I would sure appriciate it.
Also we live in michigan and the lend america say that FHA will not finance a Manufacured home. I know some people dont see a difference but its a Manufactured home not Mobil home.

Technorati Tags: economy, fha, late fees, lend america, mobil home, mortgage company, parents, president bushs