You really should start with the park manager of the park/communities you are interested in. You will have to fill out an application and be approved by them before you even make an offer on a manufactured home in a rent/lease park/community.
Be wary of any manufactured home built before June 15, 1976 as they are "PRE HUD" homes and will be very difficult if not impossible to finance. Additionally many if not most PRE HUD homes were built using caustic and carcinogenic chemicals i.e. formaldehyde and asbestos.
But before you purchase any manufactured home you should have the home inspected by an experienced manufactured home inspector and not just any home inspector.Make sure the home is level and that the pier and pad assemblies are in good shape.
Be sure the vapor barrier and insulation are in tact and not ripped, torn or lying on the ground. Have the inspector look for drainage issues i.e. standing water, soil erosion, expansive (clay soil), rusted and deteriorating piers and dry rotted or decomposing wood pads supporting the piers.
Most importantly make sure the home has an approved set of Earthquake Resistant Bracing (ERBS) installed under it as much of California is in a Zone 4 seismic area:
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You would need 45% down and a current valid passport to qualify to purchase as a foreign national. Your daughter and son in law may qualify with a minimum 580 fico score and as low as half percent down payment owner occupied.
You could gift them funds towards the purchase and put your name on title after closing. Ownership is determined by who is on title and not the loan. Also rates are under 4% on owner occupied purchase 30 yr fixed rates. I could qualify them in minutes and issue an approval letter and they could go shopping for a home for you?
I only need to ask a few dozen questions to determine what price range, maximum purchasing power. Here is a link with flyer, maximum income limits and a needs list to gather for processing a loan approval.
Sheryl Arndt, Real Estate Broker – Sr. Loan Officer CA only
REO & Short Sale Specialist
20+ Years Experience
John, it is at the tip of North I street and intersects W 57th. There is 3 pending sales on that street, however, I dont show any actives.
Please give me a ring or email if I can assist with your effort or answer any questions you may have.
It alldepends on how you took care of the situation. Did you work things out with them or did you make them go through eviction? If you just bailed out and made them go through a process to regain the right to lease the property you may have a problem.... more
BOA will not order another appraisal. If you are financing, is your lender the one will be ordering a new appraisal in order to give you the loan. If is a cash deal, they will accepted at that price.
Mr. Elliot if I hear your question correctly you are asking if $4,693 is a good price for a level piece of raw land in San Bernardino? If that is correct and your lot is a regular sized lot to build a single family residence on then I would say this is a fair price especially if it is all cash. If it is commercial land and someone is trying to take a piece of it then there might be other options which are financially better for you. Let me know if I can be of any further assistance or if this even helped. Enjoy the day.... more
San Bernardino can be tricky. It depends on what purchase price you have in mind and if you do or do not want to accept section 8 etc. I like SFR rental up near the college and some of the older streets in S.B.
I am currently listing a duplex in Fontana. both units 2 bedroom 1 bath.Great cash flow at 1700 per month Est. 159,900 cash only. Roof needs some repairs.... more