Help! Need Info Urgently!
I posted this under the MH forum but haven't had any luck yet and I'm desperate. Can anyone shed some light?
We have lived in (and made all pymnts for) our double-wide since 1998. We are in a lease-purchase. The owner (my mom) bought a lot (which we also are paying for) to move the house on permanently. Our credit is awful, but we were part of a real estate invest. club and had secured enough to pay for the lots improvement. Problem is the club treasurer used our money for another purchase (w/out our okay) and now it is not available for us to take out for MONTHS! What type of loan will pay for the improvement on the lot & moving the home - construction, home improvement, or only a personal? And, do you know of anyone who does wrap-around loans (lot, home, etc.) for bad-credit (us)? My mom (current owner) has perfect credit. Any help is GREATLY appreciated, as I am completely confused about how to proceed. :-?
1....you may have grounds to sue for damages
2..use your moms credit and have her buy it and fix your credit.
3. yale mortgage...65% but you will need money or equity or a seller ficitcious second.
Thank you. You're second answer is the plan, but we didn't know who to go to; so, thanks again for "Yale".