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24 August 2017 | 17 replies
@Marshall Rosario To be 100% honest with you I haven't really looked at manufactured homes even on their own land.
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21 February 2018 | 1 reply
I'd encourage you to either look through the website to see what the instructions are there or contact their asset manager who might be able to help you out depending on the size of the institution, it is either going to be easy or hard to find.
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18 August 2017 | 13 replies
Some of the companies you mentioned may be manufacturing excuses because it's a market where they have too much exposure already.
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17 August 2017 | 10 replies
For purposes of determining the VA guaranty, lenders are instructed to reference only the One-Unit Limit column in the FHFA Table “Fannie Mae and Freddie Mac Maximum Loan Limits for Mortgages Acquired in Calendar Year 2017 and Originated after 10/1/2011 or before 7/1/2007”."
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22 November 2017 | 9 replies
They can have a verbal lease or scribble on a napkinRealtors(not agents) are required to use the TAR lease unless instructed otherwise by their client.
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21 August 2017 | 7 replies
And betting on appreciation is risky because CA market is all time high.So I am checking out investment in Manufactured Home (MH) in SoCal areas like Cerritos, Anaheim, Irvine.The rent from my research shows that normal SFR in those areas for 3bds/2brs is approximate $2500k.The land lease for a MH with the same criteria is around $1200k - $1500k, and the house is usually 40k - 100k.If conservatively saying, if renting out a MH for $2000k (often it is cheaper than normal house) thenRent - (Mortgage + Maintenance) - Land lease ≈ $300kSo would $300k cash flow is a right calculation, am I missing something, is there anything I need to watch out for when using MH as rentals?
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18 August 2017 | 4 replies
So, I'd make friends with a title/escrow company officer ... email them the terms of the agreement and have them draw up escrow instructions that you both sign to open escrow.
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21 August 2017 | 4 replies
However is a manufactured home which usually need to be a primary residence to get a loan.
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23 November 2019 | 79 replies
@Jay Hinrichs More and more people I know are actually picking up the wire instructions in person when ever possible.
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21 August 2017 | 3 replies
They would keep the money in escrow until purchase, and ensure the closing instructions (to draw up/record the note and mortgage).