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House buying situation

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cbass1017
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House buying situation  Reply with quote  

I am currently renting a home that is for sale by an estate. The executor to the estate has already agreed to sell the home to us but there is also a mobile home on the lot that the executor's daughter is currently living in. Although she has agreed to move out of the mobile home within 2 yrs and the executor will have it removed at her expense, I really want to buy the home now so I can start making renovations. I've spoke with a few mortgage companies who said they won't do a mortgage because of the mobile home. Is there any programs out there specifically for my type of situation?

Sorry for the short story there...
Post Fri Feb 01, 2008 2:38 am
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coaster
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Sorry, no answer, but that does sound like it could be a pretty complicated story. Sad

~Tim~
Post Fri Feb 01, 2008 3:39 am
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cbass1017
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The easy answer is to just let the (26yr old) daughter move back in with her parents(executors), remove the mobile home and let us buy the house. Once the mobile home is gone I would have no problem getting a mortgage for this house. I just wish the mortgage companies would understand that the mobile home won't be here forever. They are even willing to write into the contract that she'll be leaving and the mobile home will be gone within two years.

I guess maybe I need a little more patience...
Post Fri Feb 01, 2008 12:41 pm
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coaster
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Trouble is, people change their minds and then they have to try to enforce the contract.

~Tim~
Post Fri Feb 01, 2008 5:57 pm
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fred333
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I would have a lawyer be involved in the situation and draw up a nice contract with all of your requirements.
Post Fri Feb 15, 2008 3:11 pm
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dhruti10
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Real Estate  Reply with quote  

If you have recently decided to purchase land to build on, whether it be for a home or a business, you will find there is a lot to think about. Every piece of land you look at may not be suitable for your needs. Buying a piece of land without doing the proper research is risky. You could end up with a piece of land that you can not build on and one that you have a difficult time selling. So you should know the full data before purchasing a land or home.[deleted]
Post Thu Oct 07, 2010 9:42 am
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turtleAB
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yup be patience, you will got
Post Fri Oct 08, 2010 7:37 am
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wringle
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We are signing a six-month lease to rent it, and after the six months, if things are satisfactory to us and the owner, we will discuss buying it on contract. I would like to know what sort of standard contracts are written up when that happens.
Post Fri Oct 29, 2010 5:40 pm
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bannerbuzz09
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If we to buy a house and sale a house. first we want to find a customer. for finding a customer if we use a banners and signs so we will get more inquires for house selling.
Post Tue Jan 11, 2011 9:29 am
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buziness2011
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MOst mortgage companies wont touch mobile homes because they dont make much money from their investment. I would find a private fix-up company who can assist the renovation then turn around and sell it for a small profit.
Post Tue Jan 11, 2011 7:21 pm
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oldguy
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Well, it's now 3 yrs later - I wonder what he did?
Post Tue Jan 11, 2011 7:50 pm
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buziness11
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wonder of 6 years later from now.
Post Thu Jan 20, 2011 3:28 pm
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Walter Sanchez
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Well mortgaging becomes a problem while the property owns a mobile house however, I am sure you will get the perfect solution. My suggestion is why don't you try to grab the consultation of a professional ! Am sure you will be benefited! Smile
Post Mon Jan 24, 2011 5:51 am
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moneymakerclub
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that's a twisted situation wow
Post Tue Jan 25, 2011 8:40 pm
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secretshopper
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Hopefully he didn't do it!

I see his website is down. Not a good sign! Shocked
Post Wed Jan 26, 2011 4:45 pm
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