433a calif: LEGAL/REO INFORMATION FOR MANUFACTURED HOMES
- 07/22/15 04:59 AM
LEGAL/REO INFORMATION FOR MANUFACTURED HOMES We realize that not everyone in the Real Estate Industry deals with Manufactured Homes. However, for those that do we would love to work with those Industry professionals and/or stakeholders be you a law firm, title, escrow company or lender dealing with a CURATIVE TITLE issue we have the solutions and are here to help.
CALIFORNIA ONLY:With increasing regulatory compliance and default activity, many lending files are under scrutiny. Manufactured homes have long been victims of poorly originated loans, inadequate underwriting and errors in title and escrow.
In situations where the proper conversion and title cancellation must take place … (0 comments)
In this multiple series of posts regarding Manufactured Home issues another one that we deal with multiple times a day throughout the State of California is the issue of the 433a document.
Albeit we have and still do deal with what's known as an Affidavit of Affixture which is the same thing but in other States we are only focusing on Californai in this post.
The 433A is a recorded document also known as: "NOTICE OF MANUFACTURED HOME (MOBILEHOME) OR COMMERCIAL MODULAR INSTALLATION ON A FOUNDATION SYSTEM"
433a calif: LOAN MODIFICATION COMPANIES - New Business Model or Risky Scam? Chapter 2. Resources For Home Owners In Need of Loan Modification Advice.
- 09/02/09 06:06 PM
The mission for this chapter is to chronicle: How the bad guys came to get into the fray, How most scam operators work their cons. and How RE Brokers, Lenders Realtors, Agents, loan officers and most importantly the Homeowner can spot and avoid the con. Note that, while we have indeed painted the Budding Loan Modification Vogue with a pretty broad brush. in no way am I implying that all loan modification programs are scams, nor are attorneys that participate in them greedy opportunists. HOW THE BAD GUYS CAME TO GET INTO THE FRAY. There are many hard working and sincere people endeavoring to … (16 comments)
433a calif: MANUFACTURED HOME LOANS IN CONDO PARK COMMUNITIES FINALLY ON THE HORIZON. GET YOUR DUCKS IN A ROW BUT DON'T ALARM YOUR CLIENTS YET.
- 06/02/09 02:44 AM
Park communities represent the most popular setting for manufactured homes. For loan purposes, lenders generally require that the owner of the home also own the land upon which the home sits. Until recently the park also had to be classified as a owner-owned Subdivision or a Planned Unit Development in order for manufactured homes to qualify for FHA-insured loans. Many mobilehome parks and manufactured home communities began as land lease developments but as residents desired a greater control over their living situation and costs associated with their residences, many parks converted to resident ownership. Most of these used the process of … (0 comments)
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