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Corinth : Real Estate Advice

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Activity 4
Sat Jan 21, 2017
eagles4579 asked:
Mon Jan 13, 2014
Shannon Scheidt answered:
Unfortunately that is not unusual. Mobil homes, ie trailers only depreciate, like a car. You will need to find a specialized lender or perhaps the seller will act as the bank and let you make payments to them, assuming they own the trailer and land without a mortgage. Check with the agent that has this trailer for sale. ( the Welsh Group) Perhaps they know who will handle a mortgage on this property/trailer or find out who the current mortgage holder/lender is and see if they will help. That said, it is typically not a good investment. Also check the utility costs. They can be expensive to heat. The good news is at the end of the day, you will own the land it is sitting on. Just make sure you look into the cost of removing, demolishing or rebuilding. That is the bottom line for most lenders is that the mobile homes will not last like a typical home and will not outlast the mortgage. The bank will end up with collateral that is not worth much if anything. Good Luck ... more
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Sat Feb 2, 2013
carmon_d answered:
get a credit card and use it and pay on time 6 months , keep it under 40 percent of total balance.
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Tue Jan 17, 2012
Roland Vinyard answered:
Saratoga County is a hard area to crack. Surrounding Counties might be easier. A WHOLE lot easier would be a higher score.
0 votes 3 answers Share Flag
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