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SLOW DOWN! You are letting emotions dictate your actions.
The next few comments can easily be taken as me being a jerk. I'm not. Read these as a concerned friend.
I understand your kids are excited but if you let them make financial decisions (especially as important as this) you'll end up very broke and they will too. Your husband is your partner and should be helping you in the process.
I could type pages about this comment, but I'll try to be concise. First, if a bank that makes money by lending money won't lend money on a property there is probably a very good reason. If they did loan you money on a house that fell apart in a short time, did they "help" you?
Banks or any other lender aren't into "helping". They are out for a profit. If you or your family thinks that unless you get help you are screwed then you need to take a step back and think about a few things. Why do you feel like you need help? Why can't you just get what you want? If you don't have and can't get what you want, what steps are you taking to change that?
This is starting to touch on spirituality/religion and I don't want to go there, but do you believe that there is one perfect house for specifically for you? Be very careful with this. If you think this is the one house that you are supposed to be in you will ignore every single warning and red flag that comes up. I think it's much more important to provide for your family. That's hard to do if you buy too much house or one with more problems than you can handle. If you get a house that you can't afford it will be a curse, not a blessing.
The fact that this place is on acreage may be a difference maker.
lol I am trying! I have spoken to a half dozen more people while waiting... it took me 4 days to find one promising lead. I am working on it!What he said! Don't just wait for this one to get back to you.... find 3 or 4 promising leads...
it is a manufactured home (essentially a double wide trailer) that they build in 2 halfs and then drive to the lot and install it... on install they remove the axels wheels and tounge.
it is considered personal title property until it the title is surrendered and you file a cpl (certified perm location) with the county and the title is void and the home then becomes attached to the deed and conveyed with any sales...
there are many kinds of foundations that can be done... from what you would see under a mobile home with wheels (some cement blocks and jacks) to footers with blocks on them and skiring around it , to footers buried and a crawl space masonry foundation perimeter wall and then the house is attached to that permanently . or a slab.
what is under it now is most likely footers with blocks or just blocks and a vinyl skirt... I have not been under it yet. all I know is that for sure the skirting auto fails. it has to be masonry... obviously footers and a crawl space is more cost effective then an entire slab.
basically someone bought the land with a older actual mobile home on it. went and replaced the trailer got it deeded to the land then lost the land to foreclosure... did the cheapest install which is for a mobile and not perm like fha requires...
edit to add... theres nothing wrong with the foundation that's there except its not up to the fha/hud code for financing... if it was a dealer finance the difference in the cost from what they did to hud/fha code is about 7-10k
yes this is what I was going to have done...I thought the home was sinking when you mentioned foundation issues.
Usually for HUD/ FHA to finance a mobile/ manufactured home in addition to having the tongue and axles removed it's going to need the following:
- a masonry skirt around the perimeter with a footer
- footers under the block piers
- the block piers need to be covered on all sides with concrete to make them one continuous piece.
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