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I Have Over $300,000 Invested Into a Mobile Home and Now It Won't Sell!

AtomicPissAtomicPiss Administrator, Swaye's Wigwam Posts: 64,548 Founders Club
edited May 2022 in Tug Tavern
https://www.youtube.com/watch?v=0egvmBswxHM
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Comments

  • TurdBomberTurdBomber Member Posts: 19,988 Standard Supporter
    Why, just why, Derek? Trying to get me to hang myself?

    Most depressing shit I've seen since the Montana game.
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  • El_KEl_K Member, Swaye's Wigwam Posts: 1,298 Swaye's Wigwam
    Financing manufactured homes is tough. Pierce the siding? Need an engineer to OK that. Add a deck that touches the home? Need an engineer to OK that. Do the HUD tags match? Is it in it’s original location? Is there another man home on the site? Just stay away unless you are 80 and that will be the home you die in.
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  • RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 107,675 Founders Club
    Land value is all a mobile home is resale
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  • El_KEl_K Member, Swaye's Wigwam Posts: 1,298 Swaye's Wigwam
    another thing is the man home must have title eliminated on the man.home. It needs to be taxed as real property not personal property. Way too many things when it comes to financing one. Built in 1975? Nope ant finance it. Was installed in one place and moved to the new place? Not financeable. Want to pull cash out on a refinance and you want 30 year term? Can’t do it. You are capped at 65% loan to value and 20 years.
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