I have been looking at modular homes as an option but was wondering if you can include the price of land you need into the mortgage. I was looking at land for sale in my area and I could get some with all utilities present for anywhere from 2,000 up to way more than I could ever afford.
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Filed Pro-se: 01/18/06
341 meeting: 02/14/2006
Objection Deadline: 04/17/06
Discharge: 06/13/2006
Closed: 06/21/2006
Credit cards
06/25/06, reopened a Discover that I closed before my bk, $1500 limit
July 2006, Target Redcard $200 limit
August 2006, Hooters MC $1750 limit -
Most people that buy modular homes already own the land, then purchase the home and the land/home then become one under one mortgage........
Now a mobile home is different........ you can have a mortgage on the home and then a mortgage on the land or it can both be on one mortgage together...
Remember when you buy the land and home and then have it set up - you bear all the expense of footers, septic tanks, electric pole and lines, water lines, etc.... This can run up to $8 to $10,000 to get all this done just to setup the home on the land.
So be careful, know what your paying for and what it includes........
My thoughtsMinny
"It's amazing the paths that our feet sometimes follow in life".
My suggestions are from "personal experience" and research only. Do not consider this as legal advice. Each bankruptcy case is different.
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