Mobile Homes With Prices

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Multi-State
Control #:
US-02475BG
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Description

The Promissory Note in Connection with a Sale and Purchase of a Mobile Home is a critical legal document for facilitating the financing of mobile homes with prices outlined directly in the note. It establishes the obligation of the buyer to repay the seller the principal sum, acquired along with a specified interest rate until the total amount is settled. Key features include payment terms detailing installment amounts, scheduled due dates, and terms for early repayment without penalties. This form also stipulates late charges, requirements for effective payment, and a collection fee in case of default, providing legal protection for the seller. Specifically designed for use by attorneys, owners, and legal assistants, this form simplifies the transaction process, ensuring compliance while safeguarding the interests of all parties involved. Legal assistants and paralegals can easily fill in the specific details like names, amounts, and dates, while attorneys may use it to advise clients on financing options. The document serves as both a contract and a guideline for managing payments and responsibilities throughout the duration of the loan.
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FAQ

Typically, a mobile home has to be built after 1976 to qualify for a mortgage, as we'll explain below. In this case your loan would work almost exactly the same as financing for traditional ?stick-built? houses.

To qualify for an FHA loan, a manufactured home must have been built later than June 15, 1976 and adhere to certain building standards and government guidelines. The maximum FHA mobile home loan amount is $92,904.

How To Increase The Value Of A Manufactured Home Upgraded Appliances. The first step to increase the value of your home is to upgrade old appliances. ... Energy-Efficient Upgrades. ... Paint. ... Curb Appeal. ... Small Upgrades. ... Move the Home. ... Comparables. ... Budget.

In negotiation, you offer something in exchange for lowering the mobile home price. For example, adding some luxury appliances, free choice of paint, semi-furnished, fully furnished, take three years free home inspection & repair or make it five years and being flexible on the possession date are some options.

How much does a mobile home cost? $60,000 ? $90,000cost for a single-wide mobile home. $120,000 ? $160,000cost for a double-wide mobile home. $200,000 ? $250,000+cost for a triple-wide mobile home.

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Mobile Homes With Prices