That house has been switched to pending earlier today so it is no longer on the market. If you would like me to send you other listings in the area, please email me.
Realtor/Notary BRE# 01858584
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We certainly don't mind answering your questions, however, before you ever put down any money on a MH in a rent/lease park/community you will need to get accepted by the park management at which time they will disclose the space rent, utilities, all related fees and costs and disclose the rule and regulations.
There are some other things you need to know about purchasing a manufactured home as well. If it's a pre HUD, built before June 15, 1976 there could be some issues with caustic and carcinogenic chemicals i.e. formaldahyde, asbestos, etc.
Additionally, trying to obtain financing for a Pre HUD home is very difficult. You also need to have the home thoroughly inspected by an experienced Manufactured Home inspector and not just any home inspector. There are several nuances about manufactured homes that an inexperienced MH inspector doesn't even know to addresss.
Make sure they check the understructure (crawl space area) to see what kind of condition all the piers and pads are in and if the home is level. The also need to check for rips and tears in the vapor barrier (membrane seperating the ground from the floor and holding the insulation in place.
They also need to look for any signs of drainage issues i.e. standing water, soil erosion, gaping cracks in the soil, etc. Many parks/communities were built in flood plains and have an inherent problem with drainage issues which can lead to instability of the piers and pads and mold issues.
Make sure that the home has a Housing and Community Development Department (HCD) approved Earthquake Resistant Bracing System (ERBS) in place as that area is in a zone 4 seismic area and manufacture homes are extremely vulnerable to earthquakes.
If you have any other questions or concerns please do not hesitate to contact us. Even though we do not service your area we would be more than happy to help you at no cost. We have been in the manufactured home business for almost 30 years and are a licensed general and manufactured home contractor, manufactured home dealer and developer and a real estate broker.
While we do not service the Palm Desert/Palm Springs area in the sales of Manufactured Homes we do have a very predominant presence throughout the entire desert region and interface with lenders and RE professionals throughout the area with the lending process.
In order to secure the required Housing and Community Development Department (HCD) 433a documentation and foundation repair, retrofitting and installation requirements for a "Resident Owned Manufactured Home" you will be required to obtain an "Engineered Certification" We provide these services.
Presently I'm involved with the proposed development of a waterfront 5 star hotel & resort on the North shore of the Batiquitos Lagoon and directly across the street from Pontos, a very popular surf beach in Carlsbad, CA. The resort is approved and practically totally entitled and shovel ready for construction.
We were ready to move forward with the construction in 2007 and had a construction loan secured from Wells Fargo. But as you know that's when the economy went South and the rest is history. We now feel confident that the tables are finally turning and it's time to bring the project out of the mothballs.
Hilton is in the final stages of completing a hotel resort on the North shore of the Batiquitos Lagoon directly across from our location. directly across Coast Highway 101 The La Costa Resort is has been approved to build a 134 unit Condo Hotel right on the beach.
Additionally, all these resorts lie in the path of progress and are in the gateway of a very aggressive redevelopment campaign that has already started. This resort will be the only 5 star resort between Carlsbad and Del Mar on Coast Highway/on the beach.
Bottom line we are looking for a minimum of 7.5 millon and a maximum of 10m to build out the project including FF&E. As an added value this project has also been approved for a fractional ownership which will produce an additional income stream potential of betwen 25 and 40 million by the time all the fractions are sold.
Inasmuch as the hotel daily rack rate will be able to generate a profitable revenue stream on its own merit we don't have to take an aggressive posture in marketing the fractions. Once the construction as been completed we will need to secure a long term take out loan and relieve the construction loan.
If this sounds like it might be of any interest to you we will be happy to send you out a loan package with a performa and cash flow projections. Looking forward to hearing back from you.
John DL Arendsen
Cell: 760 815-6977
how much is the lot rent?--
This question is about this property: http://www.trulia.com/property/3044970467-17350-Temple-Ave-82-La-Puente-CA-91744?ecampaign=con_day_propertycomp_bk&eurl=www.trulia.com/property/
You can end up with the other liens on the property. Loans. Taxes and things like mechanic's liens. It is risky for the novice.
The Carrabba Group
Keller Williams Hollywood Hills
(323) 899-2900... more
Are you in a month to month base or lease? if the original owner lose his home in the auction, then you might be have a chance to get cash for key from the new owner. If you are not sure about the status, you can go ask any agent in that area to find out.
It appears you might have some insider information. Public records do not show that this house has had a Notice of Default filed against it. That being said, if it were in foreclosure and you knew the bank that was foreclosing that would not benefit you. Although I am not an attorney and none of this is meant to be construed as a legal opinion, banks must complete the foreclosure process to reclaim title to the home. They will not negotiate directly with you to buy the property in lieu of foreclosing. The foreclosure process is required by the terms of the Deed of Trust and clears numerous title issues that might otherwise not be resolved.
Now, once the bank has foreclosed, again they will most probably not deal directly with you to buy the house. They have to follow the rules and procedures set out between them and the investors that actually own the loan. Usually this requires that the property be sold for the highest and best value. This is assumed to be achieved through establishing market value in an arms length transaction, and is accomplished by actually listing the property and allowing the market to set the final price. Another reason they will not deal directly with you is that banks are not real estate sales organizations. They do not have the expertise or the personnel to handle the sale. Look at the bottlenecks being created in the short sale processes, where the bank is required to approve the short sale for the deal to close. They can't keep on top of all the offers coming in, and they are only having to look at one offer per property, already (hopefully) neatly packaged by the listing agent. If they were to start selling foreclosed properties directly to the buyers, they would be dealing with tens and twenties of offers per property and all the required due diligence and legal documentation that currently is done by the listing agents for them.
Here is your best bet, if you know the homeowner is on the verge of losing their home and you have the ability to buy it:
1. Find a real estate professional who is experienced in pre-foreclosure listings and sales.
2. Have the real estate professional contact the owner directly and educate the homeowner on the benefits of selling their home over allowing it to go into foreclosure. Hopefully they will agree to sell it to you.
3. Write a fair market offer for the property.
4. If the fair market value would result in a short sale, have the real estate professional prepare the short sale package and submit it to the lender. They will then negotiate with the lender to accept your offer as payment in full on the seller's debt.
5. Have patience. This could take some time.
6. Close escrow and move into your new home.
Hope this helps. Let me know if you have any further questions or if I can be of service to you in any other way. Dare to Dream.
Real Estate Consultant
RE/MAX Palos Verdes Realty