Adolph
Homosassa,#2Consumer Comment
Fri, March 16, 2012
You alude to being obligated to pay $695.13 for 30 years. That's a quarter of a million dollars! With all the foreclosures on the market, that'd now literally buy a mansion.
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One must remember, when the dealer refers to a "manufactured home", that's just the new catch phrase for a house trailer. There is no (nor has there ever been) a mobile home....err.
...Manufactured Home that'd last for 30 years...or even close to that. Upon reaching the age of 10 or 15 years, (sometimes sooner) they're generally uninsurable.
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A manufactured home / house trailer depreciates just like a car. Maybe a little slower, but unlike a conventional HOUSE, it will ultimately become worthless. Just like a car. And sadly, there aren't any "classic" house trailers. res ipsa loquitor.
The biggest change to house trailers is removable tongues, no tail lights or license plate bracket......and to be honest, they ARE built slightly better. I know. I live in one in my Florida domicile. I try to avoid the term "trailer trash".
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Modular homes can be a different story.
Ken
Colorado,#3Consumer Comment
Thu, March 15, 2012
I see one basic problem with this deal, YOU bought it and apparently didn't even go through it, or you wouldn't have bought it, right?
"We was approve for the home in 2007 but i didn't tell use the home was built in 1999 an the note was 695.13 a month with 30 years".
What does the year of construction have to do with anything?
What's the significance of the $695.13/month note got to do with it?
Did you read the paperwork at closing, or just sit there looking dumb?
I think I figured out what you're saying, but your report is more than a little hard to decipher....almost illiterate.