Troops Ask Congress for Help Staving Off Mortgage Default Military.com
YOKOSUKA NAVAL BASE, Japan -- It’s a 10-hour drive from Maj. Mark Noon’s rented mobile home near Little Rock Air Force Base, Ark., to his house, where his wife and children live near Eglin Air Force Base, Fla.
Noon would like nothing more than to rid himself of the underwater mortgage on the Florida home and move his family to his new duty station to live with him. But the housing market crash has made that nearly impossible.
Unlike many civilians, Noon can’t walk away from a mortgage or take on debt by selling his house at a massive loss. Heavy debt and bad credit get security clearances revoked, and servicemembers like Noon can’t do their jobs without them.
Thousands of other military families stuck with a mountain of housing debt when they were forced to move to a new base have escaped hardship, thanks to a 2009 federal law that funded the Homeowners Assistance Program to reimburse servicemembers for the difference between their purchase and selling prices.
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Bad credit home mobile refinancing
www.lendinguniverse.com bad credit home mobile refinancing When we say that Yap islanders use stones for money, we must have some test or ...
Is it possible to refinance a singlewide mobile home with bad credit?
I need a loan desperately and keep getting the run around is there anyone that can help me?
I am searching for a subprime lender
One of the things that they will ask you when going over criteria for a loan is whether or not it sits on a foundation. If it is moveabe, it is likely you will be turned down.
by the way you are not one of those folks who 9 months ago was asking where and how can i get a lot of credit cards.
Looking for a mobile home mortgage with bad to medium credit?
We have land with approximately 25000 equity in it. Owe 7500 and want to use the equity towards the purchase and pay the land off and refinance it with the mobile home loan. but due to my brother having his 35 year old mobile home on my property I am having a problem finding a lender that will do this. His home is in his name and is not part of the appraisal on my property. Our credit scores are approx 540 to 600 not sure of the exact figure. Does anyone know who can help us?
We wish to purchase a 2006 or 2007 new mobile home from a dealer.We have land with approximately 25000 equity in it. Owe 7500 and want to use the equity towards the purchase and pay the land off and refinance it with the mobile home loan. but due to my brother having his 35 year old mobile home on my property I am having a problem finding a lender that will do this. They want us to split the property into 2 deeds. Due to zoning restrictions we cannot do this. His home is in his name and is not part of the appraisal on my property. Our credit scores are approx 540 to 600 not sure of the exact figure. Does anyone know who can help us?
Try the SOL Mobil Home Mortgage Company. The Broker took my credit app. while I was in Bankruptcy Court, and had me approved before my case was complete. Gee, Thanks SOL Mobil Home Mortgage Company.
Sorry to tell you but you can't do what you are looking to do. You can't have the best of both worlds. Your options are to find a lender that will refinance your land to give you enough cash to put 20-30% down on the mobile home for the purchase. You will then have to pay them or someone else to move it to your land along with the electrical hookup and plumbing.
The only way it will happen even remotely close to what you are hoping for is to put the mobile on a foundation. Then and only then will you find a lender to consider the land and mobile as one for a refinance. This is of course after the above takes place.
I am all about helping people so don't think I am being a pessimist. If you were somehow able to find someone that would be willing to do what you are looking for I would be very interested. I would be a wealthy man with this info. We could work out some kind of split I'm sure.
Can anyone help me refinance my mobile home loan on an 1977 Holly Park Trailer?
I want to consolidate my mobile home payment with my cars payment. I owe @6,500 on the home & $3,300 on the car. Please help. I've tried many many places and get no where cause of my bad credit and mainly the year of my home. It is a very well maintained place on a lot that we rent. It does not feel like its 30+ years old. We love this place but need to work out our monthly budget.
Reality check the trailer is virtually worth nothing no matter that is is your home and you love it.
It is on a rented lot making it even worse as far as value.
You will not be getting a loan. It is hard enough to finance a new trailer let alone one with no value. Sorry
You might try going to lendingtree.com fill out the form and if there is anyone out there that is interested in making the loan, they will be calling you.
Good Luck
As you probably know by now there are very, very few lenders who will finance a trailer.
Do not send th people who would spam your question one dime for a loan you will never get.
http://mortgage-loans.awardspace.com/
http://best-loans.awardspace.com/homeloans.htm
Once you need to finance the buying of your own home with a mortgage, it's very important that you do your research properly and understand all of the variables. When it is essential that you get the absolute best mortgage refinancing-->enter into some research and groundwork on your own because the Internet can equip you with an absolute pot of gold of very helpful data when it is essential that you get the best mortgage refinancing.
What is the best way to get a lower mobile home payment?
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?
Do the brick underpinning. It can be done as a DYI project. Do your homework and shop for the materials and you will never regret this project.
This is the only way you will ever get that baby refied or sold, Just do it!!
send me an e-mail if you want me to help you...
I am free for consultation
fnfssandoval@yahoo.com
I would try to find a renter for your home and then qualify for a zero down loan on a new stick-built house. You can't really take out a home equity loan on your type of house so you'd have to come up with the money for the addition to be built. Besides, you really shouldn't sink any $ into the home as you will never get it back in the end.
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