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mobil home finance: There's More About The Taylor Bean & Whittaker Debacle You Need To Know - 08/13/09 10:01 AM
I have just learned more about the TB&W mess that's bombarded the lending industry in the past few weeks. Please click on or copy and paste the link below to your address bar for a thourough overview of their status and the impact it is having on the lending industry. This information should be shared with your associates and clients ASAP as many of them may be impacted by it and not even know it yet. Or you may log on to www.onthelevelcontractors.com and go to the blog and it will get you there as well.
 
http://www.themanufacturedhomelendingsource.com/taylor-bean-a-whittaker-not-just-another-bank-failureyou-may-be-affected-and-no
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mobil home finance: REVERSE MORTGAGES FOR THE MANUFACTURED HOMEOWNER - 05/03/09 12:26 PM
With the increasing popularity of the Reverse Mortgage loan product for those homeowners 62 and older, loan processors are dealing more and more with manufactured homes in their portfolios. Many seniors have chosen the manufactured home communities as a retirement refuge and the community and recreational atmosphere lend itself well to word-of-mouth referrals and the spreading the news about FHA and Reverse Mortgage Loans benefits. However, the manufactured home loan presents a new set of criteria for the loan officer and loan processor as well as the borrower so be prepared ahead of time. Certain criteria are absolutes:
1. The manufactured … (6 comments)

mobil home finance: SCAMS THE RE INDUSTRY NEEDS TO KNOW ABOUT: The truth about Manufactured Home engineered certification, affidavit of fixture, foundation installation, repair and retrofiting. - 04/28/09 10:54 AM
Just wanted to add a slice of humor to a very mundane and boring topic albeit probably the most important aspect of your manufactured home.  Let this serve as a reminder that you, the manufactured home owner, really need to be careful about who you let work under your home.  Don't fall for the many, engineered certification, affidavit of fixture, re-leveling, foundation installation, retrofit and repair, earthquake bracing, hurricane and tornado tiedown scams etc.  There's literally tons of them lurking about trying to seperate you from your hard earned doe.
Unfortunately there are scams in every industry and the Manufactured Housing Industry is no exception. The bad … (0 comments)

mobil home finance: FHA & VA HUD loans for Manufactured Homes - 04/25/09 06:58 PM
Sat, Apr 25, 2009
As a Manufactured Home Contractor, Dealer, Developer and Realtor specializing in manufactured homes on resident-owned land, I have found that the most frustrating aspect in the marketplace is the loan industry.   Loans and sales go hand in hand with the vibrancy of the real estate industry.   No loans, no sales-it's that simple. 
The main problem is the inability of lenders to understand the manufactured home product in general.    Most lenders roll their eyes at the thought of dealing with a Manufactured Home loan: the loan officers don't think they'll make a big enough commission for the amount of work they … (6 comments)

 
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John Arendsen, Real Estate Sales & Inves Real Estate Distressed Property & Rehab

Encinitas, CA

More about me…

TAG Real Estate Sales & Investments & ON THE LEVEL GC

Address: 159 Diana St, 2982 Ora Avo Terrace, Vista, CA 92084, Encinitas, CA , 92024

Office Phone: (800) 909-1110

Cell Phone: (760) 815-6977

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