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The repairs needed would be pretty minimal if someone bought it, but we can’t afford to repair it or we would before listing. It’s a 2002 model in really good condition and the Nada guide said it was worth $14,600. I text the lady and let her know I would be having the mobile home moved to another spot on my property and she would be expected to pay that along with a daily $5 fee until she has it moved. She said she had a mover calling her that day to give a move date so I asked her to please let me know the date so I could decide if I want to move it myself or wait.
If they provide a seller disclosure statement to you then you can simply fill it out to the best of your knowledge. Additionally, if they want to get a mold inspection they can do it however the results will not necessarily change your asking price. My wife and I bought a mobile home in a fifty five and older park for my mother and father.
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MHVillage can help you sell a mobile home fast through our industry-leading mobile home marketplace. Our easy-to-use interface makes it easy to keep track of all the important details, and sellers on our site sold over 80,000 mobile homes last year alone! To get started, check out our Mobile Home Seller Resources for in-depth info from industry experts on selling your mobile home.
When it comes to manufactured homes, Rocket Mortgage LLC has a few guidelines that must be met to obtain a mortgage. First, the home and land must be represented together on the title, meaning you must own the land and the mobile home to obtain financing. The home must also be on a permanent foundation, with wheels and axles removed. Finally, the home must have been built after June 15, 1976. Additionally, make sure to use the key techniques in our Mobile Home Seller’s Guide to make sure that your listing is optimized to attract buyers.
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We were not made aware of any ofthese problems that we bought the home from. I moved back to my house in early September, leaving the house looking & showing quite nicely. Any advice you can throw our way- I’m getting more anxious and I think the next step we will have to take, is a certified letter, to force them into meeting with us. Let me know your thoughts to the advice above. Always feel free to reach out and comment further or email me with any follow-up questions or concerns.
Bank process may take around 45 days, so make sure you negotiate who is paying for the park lot rent during this time. I would also encourage you to make sure you speak with the bank as well to verify the funding date and information still needed by the bank. The reason I mention this last sentence is because some potential-buyer’s will string you along when they aren’t really moving that fast getting funded.Can you please guide me.
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You can also live somewhere for a cheaper monthly rate while the home is being rented or with the monthly rent that is being paid from the tenant, you can use to save up for a new home. Manufactured housing loans forpersonal property homes that are not classified as real estate are readilyavailable if you have at least 5 percent down and the home is reasonablynew. When reviewing your estimated settlement statement, be sure you know how your mortgage payment will be handled. If you accidentally skip a payment while your home sale is pending, you may be charged a late fee, and your credit score could be negatively impacted. Look closely at the Title and the sellers identification to confirm the seller is the true owner and has the right to sell the home.
Inside the home this data plate is a piece of paper or piece of metal displaying all the homes pertinent information. This data plate can be found in the master bedroom closet, the water heater area, or even in a kitchen cupboard. Depending on the builder this location will vary. Keep in touch if you have any follow-up questions never hesitate to comment or write back any time.
Many homeowners don’t know that there are several ways to sell a mobile home that has a mortgage on it, including cash offers and selling to the community owner. We’ll give you a brief introduction on the top 3 ways to sell your mobile home, the decisions you’ll need to make, and the caveats you need to be aware of. Once you’ve figured out a price for your mobile home, you can list it for sale. The fastest way to sell your mobile home is to hire an agent specializing in selling manufactured homes. They can handle all the advertising, showings, and negotiations, which saves you all the work from doing it yourself.
Would you mind being a bit more specific on the paperwork you had in mind and had questions about? I would be happy to help where I can, however I just need to know exactly what you would like to accomplish. If you are talking about selling your home on payments then it is best to use a local mortgage loan originator. They will be able to prequalify your buyer to make sure they have the “ability to repay” to pay off the property in full. However depending on your area you may be able to get a sizable down payment from your low-risk tenant-buyer.
I very much regret to hear your situation. I have a mobile home located in Milledgeville GA, and it is located on a rent lot that is up up until June 1st 2017, I need to sell this home fast, can you help me find a buyer. I have a manufactured home for sale in Boynton Beach, FL. I need to sell this home asap. Can you advise how is the best way to find a buyer. Thank you so much for commenting and reaching out with regards to your questions.
I’m curious if the park owner/attorney had any malicious reasons of telling you about this $5000 lien. A $5000 lien is certainly a very round number anyway. In most states you are not able to determine how much this lien is if there really is a lien attached to the title. There will simply be an address of the lien holder however the amount is almost never disclosed. For this reason I find it curious that the park manager knows the amount, however the attorney may have done more due diligence to find this out. I absolutely encourage you to talk to your local manufactured housing division or DMV manager.
While this obviously is not ideal it is best for you to give the money back to Dean in order to keep your reputation healthy. The mistake was 100% yours with regards to not doing proper due diligence before purchasing the home from the woman who sold it to you. In reality she was taking advantage of you and she absolutely did omit truths so that you would purchase the home. It is also wise to talk with the park manager before purchasing any home in a park to verify lot rent is current, there are no liens, and taxes are paid. With all this said, do not beat yourself up. This is definitely a few valuable lessons that you will learn early in your career.
During closing, you don’t want to take any actions that may impact your credit score or income. If possible, don’t apply for new lines of credit, close unused credit card accounts or change jobs. Make sure you’re staying up to date with all bills and taxes.
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