 bombshellblues74
Joined: 27 Apr 2009
Posts: 3
1.36 Dollars($)
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Posted: Mon Apr 27, 2009 6:42 pm Post subject: Buying mobile home for mother who filed chpt 13 and lost hom
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| My mother's home was destroyed by a tornado with her in it two weeks ago. By the grace of God, she survived with minor injuries. I was deployed to Iraq when this happen and have been sent home on emergency leave to help her out. I spent all of last week trying to take care of the mortgage company and the insurance company. Well, after doing some research it appears her finances are a nightmare. She only had insurance on the outside of the house, so the pay off for the mortgage, she will actually owe $2000. And on top of that I found out instead of asking me for help, she filed chapt 13 over 1 year ago, for only $4500. I can't believe this, but she doesn't understand what she did by filing chapter 13. So now she is homeless living in a hotel room and when it's all said and done she will own her land with no home and bad credit. I found a new manufactured home for $40,000. I have really good credit and thought I could get a personal loan to buy the house for her. But my banks only give personal loans for $20000 and they will not finance a mobile home for me because I will not be the primary resident. The banks will help if I am willing to get a second mortgage or use my house as colateral. I can't do that. I want to help her out but I can't put my house up. I plan to retire in 6 years and I dont need that hanging over me or my husband. Do you have any idea on what financial institute can help me? Or know of anyone that specializes in mobile homes. I would like to buy it for her and make the payments, while she pays me. Kind of like a renter would do...Thank you for any help. |
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