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“Once, this Home was a Mobile Home, but NO More”

By
Mortgage and Lending with Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 NMLS # 6869

“Once, this Home was a Mobile Home, but NO More”

 

Over the years the home was completely transformed including full basement, in other words, no one would even know the home was originally a mobile home.

 

Pam and Earl went to refinance their three mortgages and get their monthly mortgage payment reduced. The bank they went to had an appraisal done and when the appraiser went to check on the town records, it was indicated this was a mobile home and the lender turned the loan down. They just don't lend on mobile homes.

 home

The loan office from the bank sent these folks to me hoping I could help. When we originally spoke on the phone, I recommended that they contact the building department in their town. Ask them to change the designation from mobile to single family home, which they did.

 

We then did a new mortgage application and had a new appraisal done, which came back as a single family home. The best part of the entire feel good story. 

 

We saved them $700 per month.

 

They also referred friends that are shopping for a home. I’ve already handled the preapproval.

 

image courtesy of ponsulak/freedigitalphotos.net

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

You are truly amazing!!!

Oct 25, 2014 01:16 PM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Joe, sometimes the simplest answer is the easiest. Hopefully all the permits were in line as well.

Oct 25, 2014 01:33 PM
Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

Joe,       Good going!    Those are lucky clients to have found you!all their work has paid off well for them.  

Oct 25, 2014 08:55 PM
Elyse Berman, PA
LoKation Real Estate - Boca Raton, FL
Boca Raton FL (561) 716-7824

Great story, Joe.   You are a hero to this couple.   We don't have many manufactured homes here, but you never know what will turn up on an older home that has gone through renovations.   $700 is huge to save monthly.   

Oct 25, 2014 09:57 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thanks for sharing the story. It is nice to read that they saved $700 on their monthly mortgage. 

Oct 25, 2014 10:10 PM
Potranco Realty
Potranco Realty - San Antonio, TX
"Sold with Potranco Realty"

You Go Joe, you always have the answers for those big problems and have a way of making them work out when other can't. Congrats.

Oct 25, 2014 10:43 PM
Donald Hester
NCW Home Inspections, LLC - Wenatchee, WA
NCW Home Inspections, LLC

Joe, Wow I did not know that the building departments would do that. Well done.

Oct 25, 2014 11:31 PM
Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366
Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366 - Placerville, CA
General Contractor, Dry Rot and Water Damage

Holy Cow Joe!

$700 a month savings??

I think that was my first house payment!  :)

That is a feel good story.

Oct 26, 2014 12:38 AM
Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Local Expert!" 503-739-3843

Joe, out here in the little itty bitty country, there are many homes that get thrown into this category....what IMPORTANT news to offer as a solution! 
I *Bookmarked* this--thank you. 

Oct 26, 2014 03:49 AM
Sussie Sutton
David Tracy Real Estate - Houston, TX
David Tracy Real Estate for Buyers & Sellers

Good Job! I know if you saved me $700 per month I would be most happy!

Oct 26, 2014 08:00 AM
Claude Labbe
RLAH / @properties - Washington, DC
Realty for Your Busy Life

Great story Joe.

This very same thing happened to my buyers in late 2013.  Several lenders tried to help, but ultimately, the country's tax people had the key.  Once the lender and I were able to coordinate with the county, the problem was resolved, and the buyers moved in over the Christmas holiday.

Oct 26, 2014 11:43 AM
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

I have seen one double wide mobile home that was set up over a constructed basement.  It was still classified as a mobile home.  I was unaware that you can change that classification.  

Oct 26, 2014 12:03 PM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Joe, I love reading your posts and how you help people.  I see the referrals coming and coming, and coming....

Oct 26, 2014 12:12 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Joe Petrowsky - well, it is natural that you get many referrals because you do a lot for your clients! Save them money is just one of them.

Oct 26, 2014 02:09 PM
Gerard Gilbers
Higher Authority Markeing - Asheboro, NC
Your Marketing Master

Great idea to have the home reclassified due to the changes made with all of the construction. 

Oct 26, 2014 03:13 PM
Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

Joe Petrowsky that's another great success story. $700 savings a month is substantial. 

Oct 26, 2014 03:19 PM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Another excellent job!  $700 a month is a ton of money, and I bet they are beyond happy.

Oct 26, 2014 08:29 PM
Suzanne De Vita
RISMedia
Online Associate Editor

Joe, congrats on the feature and more happy clients! You saved them a nice chunk of change and probably a lot of headaches, too. Well done!

Oct 27, 2014 12:15 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Nice job Joe!  There is always a solution to every problem, and it pays to seek out a professional like yourself who can find that solution.

 

Oct 27, 2014 02:28 AM
Kevin Mackessy
Blue Olive Properties, LLC - Highlands Ranch, CO
Dedicated. Qualified. Local.

It's always nice when the lender goes above and beyond.  My lender has done it countless times and it never gets old!

Oct 28, 2014 07:45 AM