Usually a lot is in a park and you pay rent for the lot. Land would be land you purchase that has a mobile home on it. The problem you may run into with land is the appraisal. If the Mobile home has not had the title purged it is not considered part of the land but personal property ( Not Real Estate ).
Not only does the title need to be purged but to do that the mobile would most likely have to be on a foundation.
If the title is not purged then the appraisal would be on the land only.
To buy a mobile home that is in a park is pretty much the same as buying a car since the home is considered the same as a trailer and has a motor vehicle title not a Real Estate Title.... more
Flashback to 2009 or 2010 when the market was flooded with gorgeous properties at attractive prices. All you needed to do was qualify for a loan and you could take your pick of the cream of the crop. You
Surely there is a modification that Indy Mac can make.
Hurry and investigate HAMP because it is still alive.
Your client can apply online:
I have not checked this out, yet. If your lender is Bank of America / Countrywide, Wells Fargo, Citi, Chase, IndyMac, GMAC, One West and Wachovia and you’d like to understand how a Mass Joinder Lawsuit may have application to your loan, OR you simply need to understand your options associated with postponing your Trustee Sale Date, you can call 888 589 8550. http://www.litigationallianceforum.com/category/mass-joinder-lawsuit/
Your client should not pay anything for help.
Unfortunately, the settlement that has been in the news will not help your client. Sorry. Someone else reading this may find the information useful, though. A lot of people may have forgotten that there
Sean, the foreclosure problem is being addressed from more than one angle. The settlement announced in recent weeks will not be the end of this story. I encourage your client to research beyond what I have. The client should definitely get started with the HAMP application. Other possible sources for help are HUD and NACA.
Best of luck to your client.
If you haven't seen the abundance of for sale signs with the a "foreclosure" sticker or sign rider, you've been under a rock for the past couple of years. These days, foreclosures have been commonplace
If it's been a few years since you've applied for a mortgage, or if it's your first time, there are four key aspects to getting the best terms and best rates. Each lender or broker will require their own
At offer time, buyers are always fearful of making a bad purchase, facing "buyer's remorse", or just getting into the wrong property. Just like any other major purchase, you'll never know what the future
I'll go ahead and disclose right off the bat: I'm not a financial advisor, nor an accountant or tax advisor. With that being said, it is best to meet with your own consultants so you can rest assured that
***Warning*** MATH ALERT ***Warning***Before you even invest, you should be able to understand your return on investment, i.e. an indication on whether or not you're making a good decision to invest. Mutal
Over the past year or so I've had several friends and clients ask me when they should sell. Let me be frank, there is absolutely no way to perfectly time the market on either the buy or the sell side.
A big issue with the homebuying process is when homebuyers (and sellers for that matter) don't fully understand the process, and what needs to happen at specific times to make the process run smoothly.
Alright homeowners, are you ready to hear how you could potentially save tens or even hundreds of thousands of dollars over the next 30 years? Depending on the value of your home, you could see some HUGE
Deals come and go, some are tougher than others, and some run smoothly. Ask any agent, no particular deal is exactly the same, whether it be different terms, buyer/seller issues, loan problems, etc...There
Ok...I'm going to get it out of the way right now...You DON'T have to put 20% down when you buy your new home. If you've been thinking about it and busting your hump to save up that $40,000 downpayment
Moving on up? To the east side? Maybe? Dated references are my specialty. Well, regardless of which part of town you're moving to, you could be looking to sell and buy at the same time. In Realtor jargon,
Getting financing for a home purchase has definitely became harder over the years, no doubt about it. But don't let that discourage you from getting a great deal on a home in today's market. Find a good
If you’re a home buyer, adding short sales to your list of homes to look at might be a good move - and then again, maybe not. Short sales are homes that are generally worth less than what the seller
I am not sure what you heard. If you might be referring to FHA requirements for condos then one of the requirements is that at least 50% of the units are owner occupied otherwise FHA financing would not be allowed. There are other restrictions for FHA as well but that is one of the major issues. If it does not meet that requirement then a buyer would need to seek a portfolio lender such as Compass Bank where they have a program to lend on non-warrantable condos.
Let me know if you have other questions.
When investing in a house, say a Fort Collins real estate property, it is best that way before you start checking out Fort Collins homes for sale, you consider first the monthly mortgage fees that you
Do you know there are 3 types of FHA renovation mortgages? I constantly see properties that could qualify for a renovation mortgage. This is a great opportunity for a homeowner to buy a fixer upper