I'm having a problem finding someone to finance a loan to purchase a Manufactured/Modular Home in Michigan?

Answers:2   |   LastUpdateAt:2012-09-08 01:41:07  

Question
Barbara
Asked at 2012-08-19 23:11:02
Its 5 years old , 1584sqft 3 bedrooms , 2 bathrooms and is in a 4ft crawlspace . He sits on 2.75 acres . Another problem is , there is a 800 sq ft old farmhouse on the property too. Is a bank foreclosure and listed with a local realtor . The price is 87,900 . The assessed value of the parcel is $ 58000, cash value of $ True 116000. This is including the land and the houses of both. MedlinePlus Any idea what I can do .. It is the only house in the area I want.
Answer1ArmanAnswered at 2012-08-27 23:09:02
Find a private lender . This can be a rich uncle , the lady across , whom you know you want to win more than 4 % interest. MedlinePlus MedlinePlus Of course , you need to have some of their own money to put down. Without that, who would want to take the risk (since they are not) . MedlinePlus MedlinePlus Expect to pay at least 8 % interest. MedlinePlus MedlinePlus Since it is a foreclosure the bank , why is not the bank willing to finance it ?
Answer2beebeAnswered at 2012-09-08 01:41:07
obtain the plots separated by a survey and then go for it with Fha
Related Questions
1
  • Answer This Question:I'm having a problem finding someone to finance a loan to purchase a Manufactured/Modular Home in Michigan?