What are my options?

[Angela]

Hello!! I've read through some of the threads but decided to post for suggestions. We bought in a manufactured home park because we thought it would be a stepping stone to buying a stick built. Now we can't sell in the park for even close to what we owe. There are no lots available in my town approv. for manufactured's that we can afford. Interest rates are soooo low right now, all I want is to dump this thing and get a "real" home. It is so depressing to see monthly payments for houses so much nicer that are tons lower than our payments. Is a short sale the only way? Has anyone had luck convincing the finance company to do that? Any other suggestions for a desperate soul? Please any suggestions or support. Thank you!

[Shane]

I am in the same situation. I have been trying for over two years. I now have someone that wants it but my loan is through Conseco and nobody will finance her because of that. She is just paying it off so I can get out of it. So if anybody has any ideas please let me know really desperate.
Shane

[Angela]

I soooo feel your desperation! I hope someone has some answers for us. At least we aren't alone. Right?

[rmurray]

Help your buyer find sources...Research all of the sources on this site..there are many..some will even take her application over the internet...

In the mean time..you should get pay off info from Conseco...NOW KNOWN AS GREENTREE again..

As a matter of fact..I would talk to them about refi or assumptions..The new owners would be fools to force you into repossession because you could not sell..especially since you have a willing buyer...

The new owners of Greentree have only taken over in the last 3 weeks and new policies will be coming almost everyday...One thing I can be sure of..the new owners do not want to force repossessions and will develope policies that help folks like you..

[brigetta]

I can't understand Cocesco, I have someone wanted to refinace and have bought lots and moved it from another state and it is amazing what the other banks even say about Concesco, Greentree, they know upfront they wont even be able to get payoff, it is unreal to even explain, becasue unless you have them you just never understand. I hope to see some changes but I belive murray is wrong, Concesco only wants your whole life earnings and childerns to be satisfied,

[Michelle]

I'm right there with you guys...I hate being stuck in this "trailer" with a huge mortgage at 11.75 %. I can't refi because I'm unemployed and can't sell because I'm in a park. I'd be willing to lose 10k on this thing just to get out of it.

[Bill]

I am in the same situation as all of you. owe way too much and can't get the thing sold. I am in the process of buying a stick built house. I am thinking of letting it go back to Greentree/Conseco. I cna't afford the two house payments and lot rent for too much longer. The only thing I have been able to find to help me is Chapter 13. Which, I'm still not a fan of because of the credit implications. Of course these so called brokers lie to to your face just as much as Greentree, so don't trust them at all. The whole manufactured housing industry is nothing but a bbunch of crooks and slum loards. The parks and houses look nice on the outside, but once in, the slum lords could care less.

[Christy]

We're in the same boat as everyone else. I tried to call and get the payoff for our loan throug greentree and they wouldn't give it to me. I explained we were trying to refinance and I needed the info. They told me they wouldn't give the information on the loan and they wouldn't tell the bank anything. I have put with a lot of crap from greentree and really just want to get away from them. We can't sell the trailer because we won't even get what we owe out of it and we want to be able to eventually build a new house so we can't file bankruptcy. I'm really getting aggravated with the whole process. I don't know why they won't give out the information I need. Along with all the hassle they are charging us an interest rate that is ridiculous and little did we know the man that sold us the trailer got us a rule of 78 loan. We wanted to go to a bank and get the loan but he said he'd take care of it and now we're sunk.When they call them crooks and slum lords they're right. I will NEVER buy another trailer again. The trailers aren't even worth what they charge for them. I think someone needs to bring a lawsuit against the lenders especially greentree and the companies who sell these boxes. I really believe they are selloing these things and they know they aren't worth what they sell for . I have had enough. They truly are crooks.

[Teresa]

MAN...hate to see so many others in the same boat! We can't get a payoff either...filed one of the chapters, and the lawyers couldn't get one EITHER! When I tried to see about getting a different home & trading this one in, I was laughed at because my interest rates were so high. So here I am in a 10 yr old home that I still owe $20,000 on...and NO it's definitely not worth that much if I had to resell it! When I called Greentree to see about refinancing with the new low rates, I was told that they weren't available in the state of Texas yet. Hmmmm....I thought these rates were available nationwide? What kind of idiots do they think we are? First it's Greentree, then Conseco, then Greentree....they need to make up their minds! If someone finds a solution, will you PLEASE let us know what magic wand you waved? THANKS!

[David Oxhandler]

If you think that that your home was over priced and that the terms of your financing are unreasonable WHY DID YOU AGREE TO PURCHASE THAT HOME?

What was it that forced you to make such a poor decision?