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We are going to purchase a manufactured home from a private party in Wisconsin. No lawyers or real estate agents involved. What forms do we need to fill out to make sure we cover all the bases. I hear you need a HUD-1 form. Is that correct? I looked at the form and it seems to be for if you have a loan or are going through and agent. Please help

4 Thoughts on Buying a home from private party.?
  1. Reply
    Dr james loan
    December 8, 2011 at 12:25 pm

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  2. Reply
    Othniel
    December 8, 2011 at 12:55 pm

    You need to hire a well recommended real estate attorney and at the very least you need to pay for an appraisal on this mobile home. Hire a home inspector who knows mobile homes. Don’t try and save money when making a purchase of this type. Believe me you will regret not getting professional advice if this thing is not what is represented!

    In fact, I would go so far as to contact a real estate broker who knows this area before ever obligating myself to such a purchase. He or she may know facts about this type of real estate and other opportunities that are much better than this one that you found.

    At the very least follow the first paragraph to the letter but neither the appraiser nor the attorney will know the market like the real estate broker.

  3. Reply
    Mouse
    December 8, 2011 at 1:25 pm

    Finding a home loan that is affordable when you have bed credit can seem nearly impossible and can be very frustrating. However, there are lenders out there who will approve yourhome loan regardless of your credit history. Yes, there will be some fees and catches associated with this, but it is possible. There are some things you can do, however, to help you buy a home and be approved for ahome loan even if you have bad credit. The following suggestions will prepare you for getting a home loan even with poor or bad credit.

    http://theloansonline.blogspot.com/

    A home loan approval for people with poor credit generally requires a 10-20% down payment. Basically, the higher the down payment you can make the betterhome loan rates you will receive. When you make a large down payment you have immediate equity, which goes a long way to you being approved for ahome loan.

  4. Reply
    Alhaji Abu
    December 8, 2011 at 1:38 pm

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