Getting the Runaround?
Posted: Sun Mar 02, 2003 11:58 pm
Hello!
Recently, my boyfriend (of 7 yrs) applied for a mobile home loan, from one of the more reputable dealerships in our area. We were not able to deal with the salesman of our choice, however. His credit is good, but with 3 credit cards showing past due for 4 months. We did not think this would be a big deal, as everything else is paid, and the car payments have been on-time for just over 2 years. (If this helps, he scored 520 points for a home loan, and needed 570).
I sold mobile homes years ago, when almost anyone with a paycheck could qualify. I understand that things have changed since then, but I do not believe that Bruce has that bad of credit. I also do not understand why people advertise that they can find financing for people with credit "problems" when they obviously do not.
It took almost 6 days to find out we were "approved." Minus 2 severe weather days, this is still 3 days longer than what they advertise (less than 24 hours for a decision.) When I attempted to call back to find out what to do next, I was put on hold, and the sales rep was not available until almost 3 days later. When I finally got ahold of him, he said we were "approved" to take over payments on a bankruptcy home that the previous owners are still living in, or purchase a repo from one of their storage yards. He said he could not give out the address of the first one, and when I asked about seeing the one in storage, he kept repeating that it was in a storage lot. (I assumed this to mean that we could not view this one, either.) The payments on both of these would be in the neighborhood of $400, with a nominal down payment.
I asked what our other options might be, for instance a doublewide, or even a singlewide. He said that was "a whole other ball of wax that we did not want to get into," and that we did not have "other options." We only qualified for the bank repo, or the one in storage. He kept pushing the bankruptcy home, which is in a park which does not allow dogs. We have 2, and they are considered "large," both over 40 lbs, and are well-behaved, and 10 years old, and I have raised them from pups. He suggested we get rid of our animals. I then asked him why he thought we might be interested in owning our own home instead of renting. He then tried to push a nasty park that is on top of a hill. He attempted to explain to this "transplanted" Iowa girl, (who, by the way, would not put a brick house on the top of a hill, and survived the 5 Texas twisters that destroyed Jarrell, TX in a mobile home at the bottom of a hill, while my neighbors homes and belongings became part of my yard), about tie-down standards and tornado direct hits. It is very simple; you do not put your property in an area where direct hits are likely, then you don't have to worry about it.
When I said we would like to come down, he said that would be a waste of time.
We do not want a million inquiries on our credit. We are not going to purchase anything, much less a home, sight unseen.
Does anyone know why he would act this way, and what we can do about it. We do not understand why Bruce would be approved for an over-priced repo, but not a new home; as chattel property or a land-home package. We could easily afford a combined payment of around $550, either for a home, or a home with lot rent.
Is there any place that could finance us? And are there dealerships that treat you like human beings? We live in Central Texas, and any help with this would be greatly appreciated!
Recently, my boyfriend (of 7 yrs) applied for a mobile home loan, from one of the more reputable dealerships in our area. We were not able to deal with the salesman of our choice, however. His credit is good, but with 3 credit cards showing past due for 4 months. We did not think this would be a big deal, as everything else is paid, and the car payments have been on-time for just over 2 years. (If this helps, he scored 520 points for a home loan, and needed 570).
I sold mobile homes years ago, when almost anyone with a paycheck could qualify. I understand that things have changed since then, but I do not believe that Bruce has that bad of credit. I also do not understand why people advertise that they can find financing for people with credit "problems" when they obviously do not.
It took almost 6 days to find out we were "approved." Minus 2 severe weather days, this is still 3 days longer than what they advertise (less than 24 hours for a decision.) When I attempted to call back to find out what to do next, I was put on hold, and the sales rep was not available until almost 3 days later. When I finally got ahold of him, he said we were "approved" to take over payments on a bankruptcy home that the previous owners are still living in, or purchase a repo from one of their storage yards. He said he could not give out the address of the first one, and when I asked about seeing the one in storage, he kept repeating that it was in a storage lot. (I assumed this to mean that we could not view this one, either.) The payments on both of these would be in the neighborhood of $400, with a nominal down payment.
I asked what our other options might be, for instance a doublewide, or even a singlewide. He said that was "a whole other ball of wax that we did not want to get into," and that we did not have "other options." We only qualified for the bank repo, or the one in storage. He kept pushing the bankruptcy home, which is in a park which does not allow dogs. We have 2, and they are considered "large," both over 40 lbs, and are well-behaved, and 10 years old, and I have raised them from pups. He suggested we get rid of our animals. I then asked him why he thought we might be interested in owning our own home instead of renting. He then tried to push a nasty park that is on top of a hill. He attempted to explain to this "transplanted" Iowa girl, (who, by the way, would not put a brick house on the top of a hill, and survived the 5 Texas twisters that destroyed Jarrell, TX in a mobile home at the bottom of a hill, while my neighbors homes and belongings became part of my yard), about tie-down standards and tornado direct hits. It is very simple; you do not put your property in an area where direct hits are likely, then you don't have to worry about it.
When I said we would like to come down, he said that would be a waste of time.
We do not want a million inquiries on our credit. We are not going to purchase anything, much less a home, sight unseen.
Does anyone know why he would act this way, and what we can do about it. We do not understand why Bruce would be approved for an over-priced repo, but not a new home; as chattel property or a land-home package. We could easily afford a combined payment of around $550, either for a home, or a home with lot rent.
Is there any place that could finance us? And are there dealerships that treat you like human beings? We live in Central Texas, and any help with this would be greatly appreciated!