Do you have a sensible solution for getting a house loan on a 1920 home that the banks refuse?
484113
If your looking to refinance your home, I'm sure I can help you with that...I'm a mortgage consultant for Aapex Mortgage and we work with over 250 lenders, so I feel that we can find a solution to your issue. I'd like to discuss this further to see what you can qualify for? My e-mail is Alisosa83@yahoo.com
816734
If you can figure out anything else to do, don't get a second mortgage.  They are too easy to not pay (at least you don't have to pay very much on them) and so they hang around forever and then mess you up when you want to sell your house.
600493
Okay, here is the deal--\n\nIf they had a mortgage and they have decent credit and equity in the house, they could get a 2nd mortgage/equity line of credit.  That line of credit is considered a 2nd mortgage and it is recorded on the deed just like the first mortgage was.  They can indeed lose their house, either lender can decide to forclose on the house for missed payments.  Usually what happens is the first mortgage holder buys out the 2nd and then forcloses on the house.  \n\nIf they got a 2nd mortgage, they probably got a checkbook, so they could have written a check and gotten cash to give to Scott, but it was still a 2nd mortgage.  Payments will be due just like the first mortgage, every month.\n\nIf they aren't getting enough to pay both, they should immediately contact the first lender and see if they can refinance with both their mortgage and the equity line of credit.  This might be difficult because they have used all their equity in their house, so they are reborrowing for full value of the house and the bank might not go for it.  \n\nIt would be terrible for these people to lose their home because they tried to help somebody out.  I hope they can all find a solution.\n\nThey might also contact www.naca.com  \n\nIt's a non-profit housing advocacy group and they do some refinancing.  They are very much about people keeping their homes, so they might be able to help you where a bank might be less helpful.  \n\nGood luck!
104864
You can not "give back" a house, manufactured or otherwise. you can pay it off early, however depending on the loan you might have a prepayment penalty. If the bank "takes back" a home it is considered a foreclosure, and then you can kiss your dreams od buying stick built good bye for awhile (12 -24 months to get an affordable rate, plus you will not be able to finance as much of the loan). Your best bet is to sell the home, then buy one that is stick built. The problem is that your manufactured home has to be post 1976 in order to fall into HUD guidlines. If it is older than that then you need to find private funding as it can not be sold on the secondary market and no lender will finance it (has to qualify fanny or freddy). If it is newer than '76 talk to a realtor and get the house sold. There is nothing wrong with looking for, and drawing up a REPC on a house you would like while your other house is listed. You can make the purchase of the new home contingent on the sale of the old home. Or of you have good credit and make decent money, you can purchase the new home before the old home is sold. The old home just becomes a second home, or investment property depending on the distance from the old home to the new home. There are lots of options for you .. but "giving back" the man. home is not one of them.
841094
Gee, maybe you could contact the company you used to do this for and see if they've got a branch close to you.  If not, maybe they could suggest someone for you to contact.
306887
call the banking institute that holds the loan and tell them what you need they will send it to you
61930
My husband and I had the same problem two years back for the same reasons. We tried everything, even those ads that say they will loan you money with bad credit. It was a scam and we were out a few thousand dollars so be careful of those. We eventually found a person who was willing to do a land contract or lease to own. We leased the house we are in for two years and then when we bought it the money we paid in rent those two years was the down payment on the house. We went through his Credit Union and it was a fairly easy process. He was a HUGE help to us. So I would suggest that route if you can!\n Good luck and I hope all works out for you!
88573
I almost did, but found out I would be paying almost twice a much for house.  You can get non-documentation loan, but they are tricky too.  Check with several real estate agents or an attorney.
1044558
Contact the banks in your area and they should put you in touch with the person who oversees forclosures.  It may take some calling around to find someone who knows who to direct you to, but it can be done.  Smaller banks are easier to find it.  Also check the county website for a list of soon to be auctioned homes.  They are always posted in advance either in the paper or county website.
286641
Since your from Canada maybe it's different here in US. But I can tell you here in the US, applying for a lender that offers refinancing and at the same time offers interest only payments are getting more and more popular. Maybe you need to try a different bank or lender to get that deal. The only way lenders will turn you down is if you exhausted already most of your equity of your house. Also, try looking into "Open Equity Line of Credit".
144371
Talk to your local banker first.
927664
Talk to your bank, and talk to a loan broker.  I have used both with good results.  Your real estate agent should be able to suggest a good loan broker; that's how I found mine.  He put together a reasonable package (it wasn't cheap), and two years later we refinanced into a much more reasonable mortgage.
1142713
All I can say is shop around-get quotes from as many different lenders as you can because there are so many bad deals out there right now that some lenders will promise the sun moon and stars for your business. Don't use a fly-by-night place you never heard of-seek out ones that have reputations. Ask around and get recs from friends who have refi-ed even if it was on a house.
630661
You can look for houses on any mortgage lender or estate agent online. I hope you don't mean getting a free house. You won't do that!
784350
not enough info....two loans? 1st and 2nd?  home equity etc. unless there is equity in the home that you can access, the only option is a personal loan  unless you sell the house and have it deeded in both names...a reverse mort might be an option, however, that is usually only avail to seniors.....you could do a promissory note and use purchase money mort as a way to have the one party buy even amounts...ask a real estate atty
1187216
I was in a simialir situatio to this a few years ago, except I didnt have any land.  I wasnt able to get a construction loan without putting up my half of my current shared house as collateral.  It was kind of a sensative area legally I was told.  It ended by my ex having to buy me out and paying off the remainder of the loan so she could own the house outright.  It can be done, you just need to investigate.
592142
This is very illegal.  You need to find out why it failed, and why it wasn't presented to you at colsing.  Most mortgage companies won't lend money for a home that failed inspection.  After you obtain the papers, go to the mortgage company show them the copy of the paper, and then go to an attorney.  You could possibly sue for many different things, including another home.  This depends onyour state's statutes, but an atorney will advise you  on that.