Dear Linda, I am the Branch Manager of Residential Home Funding. I am one of the only lenders that has an extensvie construction lending background. A onstruction loan for a modular is a different type of financing but not all that difficult.
I offer a ONE TIME CONSTRUCTION CLOSE that is specifically designed for Modular Homes.
Here are the benefits.
There is only one closing.
You can purchase the land, modular and soft cost and possibly include your closing cost with ONLY 3.50% required for your down payment.
After Closing...There are no mortgage payments until the house is completed and there is a Certificate of Occupancy in Place.
There is No Construction Carry
Regualr Rates apply.
Mobile Homes have another type of financing and you will have to know if you will own the land or if it will be a lease hold.
Camille Marotta 732-539-9300
Branch Manager NMLS 9838
Residential Home Funding 7 Pelican Drive, Suite 3, Bayville, NJ 08721
In Morris County it takes four to six weeks in general. I am both a realtor and a landlord and I have evicted tenants twice. It's tricky, though. For example, only the owner can represent themselves in court and if the building is owned in the name of an LLC or some other business name you will have to hire a lawyer to represent you, which isn't a bad idea in any case.
Eviction on the basis of failure to pay rent is fastest. You just go down to the County Courthouse and fill out the paperwork. Be sure to include ALL your expenses including fling fees and so on. Within about a week you will be assigned a court date and the tenant will be served with a notice to appear in court. If they bring their rent up to date you will need to dismiss the eviction. A lease is a contract and as long as the tenant is in compliance with the contract you have to let them stay.
If they show up in court you will probably be told to sit down with a mediator and try to work things out. You don't have to, and the bottom line is the tenant will either have to pay their rent in full in cash or by certified check, on the spot, or they will be given six business days to move out. That translates to just under two calendar weeks. They can pay their rent at any time and you have to let them stay.
There are some other tricky things you should be aware of, for example, if they move out and leave their belongings behind I believe you have to keep the belongings for 30 days and give them a chance to come back to get them. And there are some very tough penalties for landlords who break the rules. I am NOT an attorney, just a landlord sharing their personal experience. The penalties for breaking the rules can be very severe. For example, if a landlord keeps a portion of their tenants' security deposit wrongly, and the tenant sues and wins, the landlord has to pay back DOUBLE the amount withheld. So, if you have ANY questions or concerns, PLEASE consult with an attorney. Better to be safe than sorry, it will be well worth the expense, believe me!... more
Luckily having had a bankruptcy is not the end of the world. Providing that you have rebuilt your credit in the 2 years following the discharge of your bankruptcy you could immediately begin looking for a new home. Every personâ€™s situation can be unique so if you would like to spend the time to sit with me I can better assess your situation.... more
I doubt that you will find any professional house demolishers on Truilia:
We are Realtors!
Maybe one us demolishes houses on the side.
I think one of the guys from Florida is also a Bullfighter.
I know it had something to do with Bull.... more
This home is not a rental property. It is for sale only. Originally priced at $64,900, it has now been reduced to $57,900. Buyer must qualify for financing for manufactured/mobile homes. Buyer must purchase the home, and lease the lot. Therefore, buyer must also be approved by the park after qualifying for and obtaining financing to purchase the home. Buyer must have income and a credit score of at least 620 to qualify for financing in most cases. Any internet ads that list this home for rent are bogus. Please contact listing agent for any and all information.... more
What type of refinance are you pursuing on the rental, rate/term or cash-out? Also, if you intend on obtaining another mortgage for the new property the primary concern should be with regards to your income supporting the loan. I would need a little more information pertaining to the properties in order to give you an accurate figure of whether or not it can/will work. Please contact me at your earliest convenience as I will be available throughout the weekend to discuss you scenario in greater depth.
Barbara- If you want or need to sell your home FAST. I am a local Vineland investor who would have interest looking at your property. We are Cash Buyers willing to offer a "fair price" for an "as is" closing. If you would have interest in a Free, No Obligation purchase offer, I can be reached anytime on my Cell# 609-665-0033. Have a Great day. Thanks, TERRY... more
That would be something for you to discuss with your landlord. What does your lease say? I've seen many people get out of leases early, but it's really up to you and your lease with your landlord. Good luck!... more
As long as you are buying a home that with three factors in mind price, location and condition. Do not over pay and this is absolutely the best time to buy. If I can assist please call or email me.... more