I am new here. Been reading alot. Anyways we have been trying to sell our older (1979) mobile home for over a year now. We first started off selling it ourselves through craigslist ect. We got alot of people come look. Alot were interested. When nothing panned out a realtor got ahold of me saying he had somebody who is interested but I would need to sign a contract with him before he could bring them over. I signed. That person disappeared. We hung onto him for about 6 months and a bunch of other people came to look at it. A few were interested but had bad credit and a few extremely low offers. We eventually got rid of him when the contract ended. Then we found a guy local to us who specializes in mobile homes. He came and took a look, said he could sell it no problem. Never received any calls for months. Then about a week ago we called him and asked him to come pick up his sign and we would sell it ourselves. A few days later he called and said he had somebody who wanted to come take a look. The people came about an hour early and said they would like to get rid of the "middle man." I said good because he isn't doing much anyways. They really liked it. Said they had great credit and wanted to buy. We settled on a price. $12,500. The original asking price was $17,500.

They then went out looking for financing. They had some money for a down payment or to give us in cash if the bank wouldn't give them that much. They stopped by yesterday and said they got approved for a little over $9000. They said they could get us the rest of the money. We signed a sales agreement and I gave them some paper work that the bank needed to finish up the loan. I thought great! Started planning to move to the west coast which was our original plan. Then today, I get a call from them and they said they now declined them because of the year. I guess the loan person never even looked at the title that I emailed to them days earlier. Wonderful!

Now, I realize mobile homes are "high risk" but the price is LESS than a car! Cars depreciate too! I have put over $20,000 in improvements into this place and now I feel like I'm stuck living here. It makes me sick to think that the only way I will EVER get out of here is if I give the place away or burn it down.

Please help! What are my options? Where should I tell them to get financing for this place? I did a NADA value report on the home and according to the it is worth $26,000. What should I do next? I'd hate to have them kill their credit if there is no chance of them being financed.

Thanks...:(

'used' manufactured homes are notoriouly difficult to finance. Especially a single wide and especially one that isn't included with the land.

We purchased a used DW on five acres last year - there was also a single wide (used) and it was not even listed on the loan documents. We also paid about 30% down.

And, finally, financing is getting less easy to obtain due to the mortgage 'melt-down' in many areas. I truly do not know if I would have been able to obtain financing this year as easily as I did last year. Getting financing on a used manufactured home is rather difficult ..... good luck, Carolyn

I got pre-approved at 9.5%, which I thought was crazy until I saw the rates other places were charging.

The approval said the "unit" had to be "newer than 76" and "multi-section" with a park rent of $350 or less.

I just checked my lender's website, and they only work in Idaho, Montana, Oregon, Utah, Wyoming and Washington.

I wanted to post anyway though, just to let you know that 1979 is finance-able (is that a word?).

Best of luck.

Allison