I paid for a mobile home but did not get clear titles Mortgage company wants repo Previous owner not paid for?
Posted by admin on February 26th, 2010
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I purhased a mobile home and paid cash for it. The mortgage company came to my house said they will repo the house because the previous owner did not have any legal rights to sell. What can I do? Am I out of k?
Why a higher interest rate on modular home mortgage?
Posted by admin on January 18th, 2010
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We were hoping that building a brand-new modular home would be the answer to our VERY frustrating and discouraging search for a new home.
But when my husband called the mortgage company today, they really burst that bubble! They say the interest rate will be higher on a modular. We are not talking "doublewides" here… My husband and I really had our eye on a couple of higher-end models that look as good as any other house I’ve ever seen. Better, even!
So, why the higher interest rate? And how much higher would it be? My dear husband did not press her for answers, but I want to know. Thanks…
How does a voluntary reposession of a mobile home work?
Posted by admin on October 6th, 2009
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If you live in the state of Texas, and you want to allow your mortgage company to voluntarily repossess a mobile home, how does that process work? (ie do you owe anything to the mortgage company since the home is still being financed?)
How possible is it to purchase a mobile home in a different state to where I live and work..?
Posted by admin on September 1st, 2009
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I live and work in Pennsylvania and want to purchase a mobile home in South Carolina through a mortgage company , but was told by my real estate agen it is not possible as I do not work in South Carolina .
I was approved for the loan , but was then told because I am not employed in the state I could not , not with a mobile .
Why is this so ?
Contractors Screwed me Over…Now What?
Posted by admin on July 12th, 2009
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I bought a home (trailer, modular, whatever) and I complained to my mortgage company about a crappy shower. They hired a company to come in and replace it. They misinstalled the shower, causing mold in 3 diff rooms due to seepage over the course of a year or more, but it was not noticeable since it was in the floors and walls. Until my floor fell through… I complained and threatened to sue them and they hired and chose another company to come in and fix it. Due to prepping for the winter, a handyman found mold under the home and discovered they never replaced the moldy floor, they just built a sub-floor over it, and left the moldy chunks of wood between the original floor and the insulation…which they never replaced. Bottom line-I have mold throughout the underside of my home. I have taken pictures and submitted them to the mortgage company. I have contacted an attorney, but it does not look good. This is my 3rd year living here, but it has been an issue throughout this time. What are my rights since the mortgage company did the choosing and the hiring? I MUST be protected SOMEHOW. My insurance refused my claim also. What do I do from here?
Thank You
The issue is a big deal with me. I have severe mold allergies. I am in Michigan, and it is a very humid state, and we get black mold. It is not like a little mold on cheese…Cut it and it is good to go. My walls and floors and the air I breathe is affected. It can cause severe long-term health issues. They exposed my home (the contractors) to the spores. That is kind of a big deal. 1/3rd of my home at least is affected…and I have no where else to go. Thank you everyone, and I will email you in California…
What is the best way to get a lower mobile home payment?
Posted by admin on June 6th, 2009
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We've been living her for 4 years now. Always made our payments on time. The mortgage company we have doesn't refinance mobile homes. We've looked into other companies, but unless you have brick underpinning they won't do anything for you. I've tried selling this place but no real estate agent will talk to me because it's so hard to sell a mobile home. When we bought this place, the company said we could always refinance in a few years to get a lower payment. They weren't willing to do brick underpinning because it wasn't within the loan amount, and we got the least expensive home on there lot. I admit we had bad credit at the time, but our credit has improved considerable since buying this home. We have 3 kids and one on the way and it's only a 3 bedroom home. I want to add on to this home or find a home that we can afford and is bigger. What do you suggest?
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