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7 May 2020 | 9 replies
Wholesaling land is different than wholesaling houses and make sure to do your DD; see below;- Make sure the land has a situs address which at times is a good indicator of building or not.- Ask seller and confirm with the county of local utilities, does it have water, power, can it perc?
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25 February 2017 | 22 replies
Also if you intend to seek conventional financing on a MH in a resident owned MHC condo conversion, subdivision or on a private lot or parcel be sure the home has never been moved from its original situs.
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25 February 2017 | 2 replies
Lastly if the MH was ever relocated from its original situs (location) it is equally as difficult to find financing.Hope this helps.
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14 February 2017 | 4 replies
A lot would depend on the year of the MH and if the current situs is the first and only one.
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1 March 2017 | 4 replies
So once from it's removed from its original situs the empty space would then have to become code compliant.
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13 February 2017 | 8 replies
First and foremost once you move a MH of any year it will be almost impossible to find a lender as most lenders we deal with will not finance any MH's once moved from its original situs.
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15 March 2017 | 8 replies
There will usually be quite a bit of tweaking and wracking involved in order to get all the doors, floors, windows, etc to work as they once did or should on a new pad.Most importantly, however, do know that once a MH has been moved from its original SITUS it will no longer qualify for a conventional loan in most cases.
26 April 2019 | 3 replies
Instead most list providers determine that based on the difference between the situs (property) address and the mailing address (where the tax bill is sent).
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16 October 2016 | 8 replies
Once they have been moved or relocated from their original situs most conventional lenders won't touch them for a long term 30 yr fixed loan.
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1 October 2018 | 4 replies
Already solved above, but just to provide a little bit of extra detail... most list services will provide two addresses - 1) the situs address (the address of the property, and 2) the owner mailing address (where the tax bill is sent).