Real Estate?
Our house has been on the market for 7mos.
We just changed the Realtor and hoping to have the house sold by mid June.
But our house isn’t financable.
I’ve heard of private financers, but how (if anybody knows) does one go about getting a loan from one?
If any of this matters, its listed at 9,900.00 with 3 bed 2 bath and 1500 sq.ft. on a private street.
Answering Jen’s question’s.
It isn’t financable because it was built in March 1976 and has no foundation.
Our first realtor marketed it as a complete dump, so she can get it torn down and have another modular put on for double commission.
Our house is very nice. here is a link
http://annwong.com/Home,_Land,__Sales,_Bishop_CA,_Mammoth,_Eastern,__Sierra,_Housing_homes_for_sale.shtml
and our MLS is 2306118.
and yes it is a manufactured home, triple wide.
Just about a week ago we changed realtors and I’m very confident that they will do an excellent job selling it.
Like this post? Subscribe to my RSS feed and get loads more!
5 comments
Dizzy_Lizzy on July 1, 2009 at 6:09 pm
Unless we’re talking about a manufacturered home, how in the world is it unfinancable? If this isn’t the case, whatever lender who told you that needs to tell you what you need to do to make it financeable.
A private loan comes from an individual. That’d be like me giving you $170,000 and then collecting payments from your buyer. You should talk to your agent, but I believe that you, as the seller, are supposed to keep your hands out of the financing side unless you’re doing it yourself.
Pooh Bear Fan on July 1, 2009 at 6:09 pm
we have been approved for or loan with 100% fianancing and at that everything is a good to go however the market is way down now and some of the houses we have found in our budget are a lot of garbage hope to find a house soon this house hunting is getting old and boring the only thing we have to provide is our 400.00 appraisal fee and the rest is good to go good luck at selling your house soon
jen_ny6 on July 1, 2009 at 6:09 pm
Why is your house unable to be financed? Is it located in an area that makes it so or is it a unusual home?
A private street and 3bd 2 baths and 1500 square feet is fairly standard.
What has your realtor done to sell your home? What feed back have you been given?
Is it possible that your house is over priced?
You can sell your home to a wholesaler who will give you a rock bottom price then flip your home for a higher amount.
If you trust your realtor ask them what their plan is to get your house sold and what the time line is for the sell.
ps…i’m a realtor.
Dawni Do Right on July 1, 2009 at 6:09 pm
Mobile homes manufactured prior to June 15, 1976 are pretty much the kiss of death of far as financing goes.
Have you exhausted resourses with Green Tree? They are the biggest player in mobile home loans & if anyone can finance, that would be the key player. http://www.gtservicing.com/
Any private financing will be hardmoney loans with very high interest rate and fees. I don’t know many buyers that would be interested in that type of scenario.
I found a Manufactored Housing Global Network site with forum you could search. There have been many before you & there may be some valid lenders posted in the forums. http://mfdhousing.com/phorum5/search.php?0,search=pre+1976+financing,page=1,match_type=ANY,match_dates=0,match_forum=ALL
Ramani C on July 1, 2009 at 6:09 pm
Hi,
i have found a real estate portal site. it will help u lot.In this site they given all the details of houses for rent, sale , and lease . This site have thier national wide locations . u will get the financial details . u can add ur business there .
The site will give on information on store/packing
You can check it out at http://www.aaamoving-store.com/