View Full Version : Hope to have a new home soon


67RS/SS406
Jun 26th, 04, 07:33 PM
I have not posted much lately because I have been very very busy/frustrated trying to get things in order for the bank.The wife and I are trying to take out a loan to purchase a modular home and and build a new 32x44x14 shop on the 3 acres we just bought.
I have been trying to get estimates for everything to give to the banker,and trying to find these contractors is difficult to put it mildly.
Hopefully by the end of the summer I will have a new shop to keep the Camaros in,but all the paperwork and BS a guy must go through is unbelievable :eek: .
Everybody please cross your fingers for me.
graemlins/beers.gif

travis
Jun 27th, 04, 12:54 AM
Good luck! Buying a house has got to be one of the worst things a person can go thru in their life. There is so much BS to go thru it is amazing to me that people want to move at all. When I bought my house, it took nearly 2 years to find exactly what I wanted. Unfortunately (or maybe fortunately, depending on how you look at it), when I found the house and started negotiating with the sellers, 2 things happened. The bank forclosed on the house, and the couple that owned it got a divorce. At that point I had looked at probably 50 or more houses, and this was what I wanted. I ended up finding out who the bank was (no easy feat BTW), and contacted them directly. They was very eager to sell me the house, but had this mile long list of red tape crap they had to go thru before they could even consider selling me the house. It took about 4 months for the bank to go thru the necessary sheriffs auctions and a 100 other legal BS things, and when they got all that done they had to finalize the forclosure with the sellers. Well, at this point, the sellers was in the midst of a nasty divorce...the woman moved to Boston and the guy vanished. Bottom line, it took me over 7 months to close on this house. Nobody was taking care of the place in the meantime...the front yard was over 4 feet tall with weeds and saplings. I had to mow the yard with a brush hog behind a Case 380 tractor because the small diesel tractor I borrowed to initially cut the yard couldn't cut it :eek: There was a leaking faucet in the house and they had accumulated over $1000 in water bills, so the water company came out and yanked the tap and plugged the line. The power company had yanked the meter too from the unpaid bills. I went thru HELL for this place, but in the end it was worth it. I got exactly what I wanted (except for a garage), and by buying from the bank for the forclosure amount, I walked into the house with about $30,000 in equity.
Sorry to ramble....I know my story is a little different from the usual buying experience but ask anybody...these things NEVER go smoothly. There's always something to hose things up.

RS3SDL2MG
Jun 27th, 04, 08:10 AM
yea I bought my modular home new in 1993 , in the year 2014 I will have it paid off , I think if I had to go in debt again like this I would just live in a box , oh well at least in 2014 I know I will have $200 buck's a month extra for the old camaro , and won't get that phone call every month , I know you are not supposed to wish your life away but I can't wait !!!!!! :D