Hard money loans can be an excellent way to secure a home if the buyer currently has poor credit or issues on their record preventing them from obtaining a bank loan. Hard money loans are only short term financing tools that give the buyer time to repair credit or wait until they can qualify for a conventional loan again.
Stay away, unless you like giving your money away to crooks. There are legitimate homes for rent on MLSlistings.com, just not very many.
You are better off contacting established property management companies and real estate agents that sell homes in the area. Sometimes they are aware of opportunities before they hit the open market.... more
I do a lot of business in mobile home parks and the company I work with has a finance department that can help arrange a loan. We work with a variety of lenders to help our clients purchase their new home. We even have lenders for clients with less than perfect credit.
As far as the initial down payment, it might take less than you think.
I am happy to address any questions you may have, and my advice is always free.
Realtor/Manufactured Home Specialist
(408) 472-5582 Cell
HCD# SP1177640... more
The obvious advantage of purchasing a moderately priced mobile home is that this form of housing is one of the most affordable options out there that helps people beat throwing their money away on a rental.
Also paying cash will eliminate a mortgage payment and will allow you to save faster for an upgraded home in the future.
The mobile home option is also a great way for "first time buyers" to get their foot in the door of home ownership.
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:
Feel free to contact us should have any more questions: 800 909-1110, Cell: 760 815-6877. Email: firstname.lastname@example.org. Or log onto any of our very user friendly websites:
Web Reference:Â http://www.onthelevelcontractors.com... more
No one can know for certain how the stadium will affect the surrounding neighbors. We DO know, that it will affect the neighborhoods, but as to increasing property values, I'm dubious. A similar statement was made about Shoreline, and, in reality, the opposite has actually occurred. While people support the teams and like the idea of a "stadium" within close proximity to the home, most eschew the idea of a stadium, noise, games, traffic, congestion, litter, people and lighting so close to the home. We call this the "NIMBY" (Not In My Back Yard) syndrome in which home owners want the benefits, but not the associated environment with such a venue.
As for infrastructure, the City has not, in my mind, adequately addressed the problem the will accompany the parking and noise. I have read the CEQA report in which the environmental experts do feel that there will not be noticeable environmental impact, but one only has to attend an evening of fireworks at Great America or be at a crowded conference in the area to know that the surface streets and lights are not yet prepared for an influx of 20-40,000 additional vehicles. I'm sure it will be addressed over time, but there will undoubtedly be growing pains, and I'm glad I'm way over here in Sunnyvale so that I won't personally be impacted by the stadium when it does arrive.
So right now...no, the area is not prepared for the stadium or the impact associated with the stadium activities. However, when the stadium is fully operational, given the information noted with the plans, I have no doubt that the situation will not be ideal, but will certainly be manageable.... more
I wanted to take a moment to introduce myself. My name is Faith Brashear and I am local Broker/ Realtor in the Riverside, San Bernardino area.
If you have been worried about credit being an issue in applying for a home loan or perhaps no money to put down on a home, you may be interested to know that a no down payment with no fees home loan program that is not credit driven is out there in CA. In fact it takes very little funds to close and offers below market interest rates specifically geared for those of us who have not had ownership interest in a home within the last three years.
Below is a link to the No down payment loan program. The rates are typically as much as 1% under current market rates. This is VERY real, so stop doubting. I am here to help you on your quest for home ownership. I am a home advocate, a Broker, a Realtor, and an approved volunteer for this program.
Bank of America and CitiGroup support itâ€™s funding and billions are available for it. These programs are a direct result from the stabilization efforts you have been wondering were real or not. So get ready to read about it from a true home advocate who has been on the front lines getting this program out there to people just like you. You are more than worthy.
Saving the Dream
NACA - HOMEBUYERS PROGRAM http://www.betterquest.com/styled-6/
To register simple click on the Register here for the program link or email Faith@BetterQuest.com with the following information
Last 4 SSN Digit:
You will have to work with a NACA trained Realtor to purchase a home when you have been approved for their loan.
It costs you absolutely nothing to enroll in a counseling workshop and no one who meets programs criteria can be denied as long as you follow the parameters outlined through the workshop. The fixed 30 year rate at 3.375% (as of 9/7/2012).... more
You should consider Long term as all Interest Rates, Property Prices and Property
North San Jose is a great place, great time to buy, there are some excellent
Buys out there.
The valley has always found a new way to reinvent itself out of every recession, bigger and stronger.
Also companies in silicon valley are doing just fine, look at the stock on the companies with
Buildings close to North San Jose, they are all on the up.
Hi Joon, I have written a four part blog about whether it is a good time to buy. It is updated for recent information, but also goes through the general process of making that crucial decision. I have referenced the link below for your convenience. Please check it out and leave comments!... more