Category Archives: manufactured home mortgage

Need Legal Advice on a Fradulent 2nd Mortgage?

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 [...]

Wholesale Lenders: Manufactured Home Loan, 95% CO REFI, No FHA?

I am a mortgage broker in Oregon, if you are a wholesale lender who can do the above scenerio for a property in WA. please contact me! Thanks! Jessica@FrontierMortgage.com 541-681-4423 If the Home is in a Park or on Leased Land. JCF Acceptance www.jcfinc.com (800) 745-00 addthis_url = ‘http%3A%2F%2Fwww.selviceevler.com%2Fmanufactured-home-mortgage%2Fwholesale-lenders-manufactured-home-loan-95-co-refi-no-fha’; addthis_title = ‘Wholesale+Lenders%3A+Manufactured+Home+Loan%2C+95%25+CO+REFI%2C+No+FHA%3F’; addthis_pub = ”;

Give a house back to mortgage company?

We’re been in a manufactured home for the past 9 years and owe much more than it’s worth. We’d like to find a real house-and with what we’re paying now, what with lot rent and mortgage payment, it might as well be a house. Can we just give it back to the mortgage company? I [...]

Are all manufactured homes in trailer parks or are some in regular neighborhoods?

I live in a very expensive city (San Diego). I plan on being here for a while longer but don’t want to piss money away on rent anymore. The only thing I can afford to buy out here is a manufactured home because a decent 500sq ft. condo or townhouse out here won’t go for [...]

Help…We have 3 acreas and my daughter wants to put a manufactured home on 1 of the acreas,question-?

we still owe 20 thousand on our mortgage.Does the acrea have to be in her name if the home is in her name? Will the mortgage co. release 1 acrea to be sold to her or given to her since we already have that acrea paid for? I have spent the last 20+ years in [...]

I live in a manufactured home that I do not want to live in anymore. How do I go into foreclosure?

My interest rate is 17.5% and my mortgage payment and lot rent is so hard to keep up with. I have never been 30 days late. But I don’t want the house anymore and really don’t care about my credit either. Does anyone know what will happen if I just stop making the payments and [...]

Manufactured/Mobile home good starting point?

First off, most the info I find says that manufactured homes are bad investments and they depreciate over time. However, I don’t know about my area specifically. Me and my significant other make a combined income of almost $120K a year where we live and unfortunately that’s baerly enough to afford purchasing a one bedroom [...]

Where can I find a loan for a manufactured home with land, that is in an "unhabitable" condiition now?

My wife and I are currently looking at a manufactured home with 1.8 acres of land in South Carolina, it is a doublewide home, on a permanent foundation, currently it is "unhabitable", in that the sinks have been removed and may need some electrical work. Trying to find a mortgage is killing us. Our credit [...]

How do you refinance an upside down mortgage for a manufactured home?

My husband and I bought a manufactured home back in 2001. Unfortunately, we were very inexperienced and did not understand that having money down at closing was so important. At the time, we also had bad credit, but the dealer was determined to sign us. We ended up buying down 7 points and rolling it [...]

I am looking at manufactured homes in CA, I will place the home in a MH park can I use a realestate Mortgage?

I have been told it will be a chattel mortgage, apparently they run higher rates. The axle, wheels and draw bar will be removed why is this considered mobile? Mortgages are what gives a lender security on a piece of real estate along with any attached improvements. A manufactured home on a rented lot is [...]