Builder,county,appraiser say its Mod. built B4 '76. Underwriter says its modilehome. How else can I prove?
Answers: The question is..is the home on a permanent foundation. If it is..its a modular home and is real estate.
Has to meet certian criteria to be considered a modular home. First and formost it has to have a RED HUD label on it. There are also SF criteria, it needs to be permanently attached to a fixed foundation (no skirting). have a floor area of not less than 400 square feet;
be constructed after June 15, 1976, in conformance with the Federal manufactured home construction and safety standards, as evidenced by an affixed certification label in accordance with 24 CFR Section 3280.8; (manufactured homes produced prior to that date are ineligible for insured financing);
be classified and subject to taxation as real estate;
the mortgage must cover both the manufactured unit and its site and shall have a term of not more than 30 years from the date amortization begins;
built and remains on a permanent chassis;
designed to be used as a dwelling with a permanent foundation built to FHA criteria; and
the finished grade elevation beneath the manufactured home or, if a basement is used, the lowest finished exterior grade adjacent to the perimeter enclosure, shall be at or above the 100-year return frequency flood elevation.
Underwriter is most likely correct, and I'll tell you why.
Trailers are getting harder and harder to spot these days, but a sharp underwriter CAN spot them and there are tell-tale signs.
#1. Once a trailer, AWAYS a trailer. If the home has EVER had a chassis underneath.it will always be treated as a trailer for underwriting purposes and I guarantee this is showing up somewhere in the inspection. PUTTING IT ON A PERMANANT FOUNDATION DOES NOT CHANGE THAT. The banks just require that to make sure someone doesn't take off with it.
#2. A trailer is given a registration like a car an this information is sent through DMV. When it is placed on a piece of land, that information appears on the title and it NEVER goes away.THAT is how the underwriter knows it's a trailer and has never been out to the property.
Those are STANDARD underwriting guidelines.
#3. The bank probably sent ANOTHER appraiser out for an "appraisal review". This is paid for by the bank and most of the time the borrower isn't even aware that the bank is conducting a second investigation for the value of the property. That is ANOTHER checkpoint that a bank will use.
If the chassis has been removed (which can be done), there are two other dead giveaways besides the title...the measurements of the exterior of the home and the breaker box will have a SERIAL number inside of it.
The underwriter doesn't care about the county or builder's opinion, nor is obligated to take their opinion.
How do I rent a bilboard and put a message on it for someone?
Is there resembling a company or something? I want one in Lexington/Columbia, S.C.Answers: How romantic!! Unfortunately, it's easier said than done. Billboards aren't rented for a afternoon, you have to rent it for a month at lowest. You could consider bench ads, which may be easier. Ive see people hire planes to convey banners next to messages behind them, that would probably be cheaper than the billboard, and merely as sweet. Clear Channel owns a lot of the billboards within the US, you could call them for pricing.
You could also probably achieve a McDonalds to write something on their sign where it usually say "1 trillion served". I went to a hockey activity once where someone put "will you marry me" on the big eyeshade in the middle of the rime. That was fitting too.
You are very sweet! I hope everything works out for you!
Just look surrounded by your yellow page under "outdoor advertising". Clear Channel is the largest billboard company contained by the US, see if you have a "Clear Cahnnel Outdoor" close to you.
Just a heads up though, it will be expensive. Billboards are definetely not cheap. It will cost thousands of dollars.
I would look on the billboard or surrounded by the phone book.
Whats a Hud Home?
isnt it like no money down and u foot low rent untill ur like 70 and its payed bad? or is that something else?Answers: A HUD home is a home that had a FHA loan and go through the forclosure process, and is now owned by the Department of Housing and Urban Development. Anyone can purchase a HUD home, but the process is a twinge. There are a few companies that list HUD homes on the internet. The one for my nouns (Indiana) is www.hmbireo.com.
HUD sells properties at reduced prices that you might want to buy.
Here is a connect to their website for all your answers
It's a house that have been approved for rent according to the Housing and Urban Development guide lines.They pay packet a portion and sometimes all of the rent cost for low income populace.