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Although great strides have been made in terms of quality, manufactured homes do still struggle with construction problems. Author Wes Johnson has pointed out that the HUD code which governs manufactured homes desperately needs to be updated, quality control at manufacturing facilities are often lax, and set-up issues often compromise even a ...
These "used" homes are either re-sold to new owners or to park owners who use them as inexpensive rental units. Single-wides are more likely to be traded than double-wides because removing them from the site is easier. In fact, only about 5% of all double-wides will ever be moved. [citation needed]
1. Phishing Scams. This is a common scam, but if you're trying to snap up a rare buy, you might not be paying attention to the warning signs.First, a spoofed account that looks like it’s coming ...
Multi-section homes look like two single-section homes or “single wides” that are placed together. Residents can use the money to move their homes or to find other housing.
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. Another boomer financial dilemma. With over 4 million baby boomers planning to retire ...
September 14: A run on the bank forms at the United Kingdom's Northern Rock bank precipitated by liquidity problems related to the subprime crisis. [70] September 17: Former Fed Chairman Alan Greenspan said "we had a bubble in housing" [71] [72] and warns of "large double digit declines" in home values "larger than most people expect."
Myth No. 2: You can access 100% of your home’s equity with a home equity loan or a HELOC. Unfortunately, very few lenders will finance a loan for 100% of your home equity.
A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is a form of short-term borrowing, mainly in government securities.The dealer sells the underlying security to investors and, by agreement between the two parties, buys them back shortly afterwards, usually the following day, at a slightly higher price.