switching out homes

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Flo
Posts: 1
Joined: Sun Jan 02, 2011 2:23 pm

switching out homes

Post by Flo » Sun Jan 02, 2011 2:33 pm

I am new to this site and know that the answer is probably in here somewhere but having a hard time searching online for this subject. SO here it is:
I have a 1980 whitfield that i own along with the land in a manufactured home neighborhood.
After divorce and bankruptcy i am here for a while, but wonder if I cant at least prepare to finance a new manufactured house and take the one i live in now (with more problems than value) off the land.
I need threads or advice on the following questions:
1. Is their a specialty out there that "switches out" homes like that?
2. Can i profit from my current home's salvage or use that value in some way to pay for the removal and new placement.
3. WHat will my mortgage company have to say?
4. Is this something that people are actually pulling off. I dont want to move so much as everything around me is broken and outdated and I cant afford to fix it.
5. It would be helpful to know "balpark" figures. How much for removal? how much for lisences and permits? How much for a replacement 3 bedroom-1500 sq ft? And again, is there a service that does it all and how much do they ask?
This will save me hours of searching-which is why i love the experts that answer questions in forums. THANKS!

rmurray
Posts: 1086
Joined: Thu May 25, 2006 6:49 pm

Re: switching out homes

Post by rmurray » Sun Jan 02, 2011 2:57 pm

You are talking about trading your home in for another (new or used)..You should easily find a local dealer who can help you with the process..our current mortgage company will have to get ALL their money. Your current home should at least on paper have enough value along with the value of your property to pull this off..It might be hard to find a new mortgage until you are at least 2 years from the end of your BK..You might want to visit the bookstore here and invest in the 2 Grissom books they should help you in the whole process..Sometimes these books are available in your local library.. If you cannot afford to maintain your current home, payments on a replacement might well be a problem..

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