Mobile Homes With Financing

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Multi-State
Control #:
US-02475BG
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Word; 
PDF; 
Rich Text
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Description

The Promissory Note in Connection with a Sale and Purchase of a Mobile Home serves as a legal document outlining the terms of financing for the purchase of a mobile home. This form highlights key features such as the specified loan amount, interest rate, payment schedule, and provisions for late charges and prepayment. It includes instructions for both the buyer and seller on how to complete the form, emphasizing clarity in specifying names, amounts, and pertinent dates. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to facilitate transactions involving mobile homes, ensuring that all financial obligations are documented and legally binding. The document is designed to be straightforward, making it accessible for users at various experience levels. Its utility lies in safeguarding both parties’ interests in the sale while providing a clear structure for repayment. In case of default, the form stipulates the legal consequences, thus serving as both a financing tool and a protective measure for sellers. Overall, this form streamlines the process of mobile home transactions involving financing, making it an essential resource for legal professionals and buyers alike.
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FAQ

Minimum credit score of 550. Triad's program is not guaranteed solely by credit scores, all applicants must meet other program guidelines to qualify. Cosigners will be considered on a case by case basis to help applicants who lack seasoned or established credit.

In many cases, a foundation certification is required on a manufactured home to verify that the foundation is present, permanent, and functional. A permanent foundation is one that is ?constructed of durable materials (concrete, mortared masonry, treated wood) and be site built?.

5 Ways to Add Value to Your Manufactured Home Make Energy-Efficient Updates. ... Upgrade Appliances and Accessories. ... Move to a Manufactured Home Community. ... Add Curb Appeal to A Manufactured Home. ... Apply a Fresh Coat of Paint.

Tips to Help Increase the Equity of Your Mobile House Regular maintenance, repair, and cleaning go a long way in maintaining the value of the home. Renovating your mobile home can also increase its value significantly. Additionally, you can increase home equity by paying off your mortgage as soon as possible.

Location! Now, it is impossible to say that all mobile homes will always appreciate over time or retain its value. But, contrary to popular belief, mobile homes' values do tend to appreciate over time rather than depreciate. In fact, mobile homes generally increase in value at the same rate as other homes in the area.

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Mobile Homes With Financing