FHA considers down payment requirements
-- The Washington Post - Fri 03/12/10 02:37:39 pm --
The Federal Housing Administration has concluded that its loan volume would have dipped by 40 percent in the next fiscal year and that 300,000 first-time home buyers would have been shut out of the housing market if it had raised its down payment requirements, as critics have pressured it to do, a top housing official plans to tell Congress on Thursday.
Borrowers who take out loans backed...
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Resolving conflicts in Minn mobile home parks
-- Twin Cities Daily Planet - Fri 03/12/10 10:53:11 am --
Residents of manufactured home parks would have a potentially faster, less expensive way to resolve disputes under a bill held over for possible inclusion in an omnibus bill.
Rep. Will Morgan (DFL-Burnsville) sponsors HF2353, which would allow park residents and owners to have their disputes heard before an administrative law judge with the Office of Administrative Hearings. Under current...
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How To Calculate The Value Of Your Foreclosure
-- by Judson Voss - Thu 03/11/10 09:59:21 pm --
If you are like most investors or homebuyers looking into buying a foreclosed home you are excited about the idea of getting a really good deal on a home. Unfortunately you may also be like many real estate investors and assume that the price the bank has listed the foreclosed home at is a good deal. It must be right, it is a foreclosed home and the bank wants to sell it fast...
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LEED Certified Green Modular Homes Inspired by Country Living
-- PRNewswire - Wed 03/10/10 12:14:57 pm --
NEW YORK, March 8 /PRNewswire/ -- New World Home and Hearst Magazines announced today a partnership for the Country Living Collection of historically inspired "country" modular homes that feature USGBC LEED certification. The announcement was made jointly by Tyler Schmetterer, co-founder and chief marketing officer of New World Home, and Glen Ellen Brown, vice president...
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Vanderbilt agrees to refund $2.8 million to N.C. homeowners
-- NC Office of the Commissioner of Banks - Wed 03/10/10 11:26:45 am --
March 9, 2010 - Vanderbilt Mortgage and Finance Inc. has agreed to refund $2.8 million to about fourteen-hundred homeowners in North Carolina as part of a state and federal settlement.
According to The NC Office of the Commissioner of Banks the company also will pay a civil penalty of $750,000 to the state and contribute $250,000 to the State Home Foreclosure P...
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Army Goes Modular for Housing
-- Business Wire - Wed 03/10/10 11:07:37 am --
Clayton Homes Trendsetter Construction Completes Project at Fort Sam Houston
SAN ANTONIO--(BUSINESS WIRE)--One of the largest residential modular construction projects ever is going up at a U.S. Army base in San Antonio, Texas.
The Army found it could create housing for 1200 military medical trainees faster and more cost effectively b...
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National Manufactured Home Community Rent Survey Summaries
-- JLT & Associates - Wed 03/10/10 10:34:01 am --
The following
is a summary of the JLT &
Associates 2009 and 2008 Manufactured Home Community rent
surveys...
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Common Misconceptions about Mobile Home Loans
-- by Josh Ladick - Wed 03/10/10 10:16:00 am --
5) Mobile Homes built before 1976 cannot be refinanced
The HUD Code, instituted in 1976, changed the standards of safety and the construction procedures for manufactured and manufactured homes. As such, homes built prior to 1976 were not subject to the HUD Code and are regarded by mobile home investors as a higher risk loan for a defect of a minimum code of const...
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US House Prices are Undervalued Globally
-- HOUSINGWIRE - Wed 03/10/10 09:56:28 am --
House prices in the United States are nearly 20% undervalued, especially in the states of California, Nevada, Michigan and Ohio, when compared to global markets, according to a report from independent macroeconomic research consultancy firm Capital Economics.
What’s more, the firm’s US economist, Paul Dales, writes in a separate report that prices will continue to fall, but that this will...
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New York State MHCommunities Rent Surveys Have Been Updated!
-- JLT and Associates - Mon 03/08/10 07:38:30 pm --
ATTENTION CLIENTS AND INDUSTRY PROFESSIONALS!
We are pleased to announce that for the fifth consecutive year, manufactured home community RENT SURVEYS are AVAILABLE NOW for the following ...
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Manufactured Housing Shipments & Production January 2010
-- Institute for Building Technology & Safety - Wed 03/03/10 11:38:26 pm --
Manufactured Housing Units produced across the United States in January, 2010. Here is the breakdown by each states Shipments & Production as compiled by The Institute for Building Technology & Safety... ...
Manufactured Housing Shipment and Production Summary January 2010
...
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Buffett's Shareholder Letter Evaluates Manufactured Housing
-- BERKSHIREHATHAWAY.COM - Sun 02/28/10 12:23:37 am --
"Clayton will operate profitably in coming years, though well below its potential".
February 28, 2010 - Warren Buffett's annual letter to Berkshire's shareholders was released this morning. Here is a reprint of the section where he talks about manufactured housing:
Finance and Financial Products Our largest ope...
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HELP !! I have a sales question
-- Ask The Manufactured Housing Expert - Wed 02/24/10 12:07:25 pm --
I own a mobile home and am selling it to a party who wants me to carry the note.
Their credit has been approved by the park management. I am asking 8% interest and a $4,000. down payment. THeir payment to be at $400. a month for 7 years.
I have made out a bill of sale and promissary agreement. Do I need to have those document noterized or filed in court house? Do they have to pay sales tax bef...
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Wind Code ? (Continued)
-- Ask The Manufactured Housing Expert - Wed 02/24/10 11:45:52 am --
IS THERE A PLACE ON THE SITE EXPLAINING EXACTLY WHAT THE DIFFERENT WIND ZONE MODIFICATIONS ARE..AND HOW TO MAKE SURE YOU GOT WHAT YOU ASKED AND PAID FOR?
Post and Read Comments about
Wind Code ? (Continued)...
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Tips To Selling Real Estate Without A Realtor
-- by Peter Vekselman - Wed 02/24/10 11:27:02 am --
If you have decided to sell your home, there are a number of things you are going to want to take into consideration. How much can you get for your home, are you going to have to fix things up, and how can you inform people of your home are just a few things to consider. However, something you w...
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Know Your Loan Ingredients! (Part II)
-- by Janis Arendsen - Tue 02/23/10 05:30:20 pm --
Part II of a Three Part Series Part 1
In Series Number One, we reviewed the merits of the Good Faith Estimate and its value to the borrower for transparent disclosure of facts and figures. In the Part Two, we need to address the "service" aspect of th...
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Homeowner Confidence Shrinks to Lowest Level on Record; Homeowner Perception of Home Values Nearly Equal to Reality
-- PRNewswire - Mon 02/22/10 12:11:25 pm --
Northeastern and Western Homeowners Overly Cynical About the Value of Their Own Homes, According to the Zillow Q4 Homeowner Confidence Survey
SEATTLE, Feb. 18 /PRNewswire/ -- American homeowners'(i) confidence in their own homes' values during the fourth quarter fell to the lowest level in seven quarters, with just one in five (20 percent) believing their own homes'...
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Helping the Hardest Hit Housing Markets
-- The White House Blog - Mon 02/22/10 11:55:53 am --
Posted by Sarah Apsel on February 19, 2010 at 10:25 AM EST
Today, President Obama is announcing $1.5 billion in funding for innovative measures to help families in the states that have been hit the hardest by housing market stress and unemployment. States where house prices have fallen more than 20% from their peak will be eligible for this funding. Suc...
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How to Deal with the Challenges of Empty Spaces, Repos, Park Owned and Abandoned Homes
-- California Multiple Listing - Sun 02/21/10 10:25:37 am --
"How to Deal with the Challenges of Empty Spaces, Repos, Park Owned and Abandoned Homes" was the topic of the Manufactured Housing Educational Trust ("MHeT") Breakfast Forum hosted by Deann Pancheri, President of Advantage Management, Inc. and New Image Homes, on January 27, 2010.
Over seventy attendees heard presentations and joined in the discussion focusing on the question: "Wha...
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What Investors Might Want to Know About Tax-Deferred Exchanges
-- by James R Kobzeff - Sun 02/21/10 09:41:54 am --
A Section 1031 tax-deferred exchange is a true benefit to real estate investors and certainly worth understanding. In this real estate investing article, we will discuss tax-deferred exchanges from several standpoints in hopes of giving you at least an idea of what it is and what is required to...
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