Home won't sell

[Pigwidgeon]

I have had my Manufactured Home on the market for 3 years, but it has not sold. I work 70 miles away and the $200/month in gas is killing me, more more than than is the time I am loosing everyday. I checked into moving the house but I can't afford the down payment. If I give it back to bank I will fail a credit check and be unable to rent an apartment. I have the house listed for what I owe (I will make no profit) and I have no extra money to lower the price. Prospective buyers come by to look, and I have gotten offers, but the people making the offers think they can get the same interest rate as on a stick built house and when they fail to get than rate they drop the offer. The realtors are leeding them on so they can sell them higher priced stick build homes. How am I supposed to get out of this? How has everyone else dealt with this?

[David Oxhandler]

The Manufactured Housing Multiple Listing Service has emerged as the web's number one most popular destination for buyers searching for a manufactured home and the easiest place in the world to sell. The Multiple Listing Service includes listings BY OWNER, BY DEALER, BY BUILDER and BY FINANCE COMPANIES Thousands of manufactured housing shoppers from across the country browse through the MLS every week searching for the home of their choice. Listings are searchable by city, state, number of bedrooms and baths, manufacturer, year built and price. Each listing also auto-interfaces with Yahoo Maps. There is a MAP link included each listings individual page. Almost like magic, When clicked it will auto-generate a map of the location of the home for sale and the surrounding area. Sellers can easily upload as many as 5 photos of the interior and exterior of their home(s). When you sell your home on the MH MLS there is NO SALES COMMISSION. Thousands of people can see your ad it is available 24/7 . Online Changes are FREE. There is no charge to edit your ad text or photos at any time. There is NO TIME LIMIT on your listing and no re-listing fees. Your home stays on line for as long as long as it takes to sell. All this for a one time listing fee of only $39.95! It is very easy to put your homes on line. Go to http://mfdhousing.com/portal/fsbo/user_signup.php and set up a user account. It takes less than five minuets.

[Alan Smith]

Well maybe you need to suggest that the buyer's look for alternate lenders. I work for a mortgage bank and our rates are 6.5%-7.5%. Not a bad rate at all. Give them my information and we might be able to do business.

[rmurray]

Few alternate lenders will do home only "chattel mortgages" on manufactured homes...Home only loans are priced much higher..Those with under 700 FICO scores will have to pay much higher rates.....