Posted by Wes --Previous Message--
Link: The Manufactured Home Buyer's Handbook
on 4/22/2005, 12:09 am, in reply to "Re: Sunshine Homes"
209.215.39.6
You're very welcome. If you're getting dealership financing, be careful! Predatory lending is notorious among manufactured home dealerships and lenders -- and is a major reason that repossession rates are at record levels. Predatory lending takes many forms: high interest rates, exorbitant fees, financing for insurance products, misleading advertising, failure to disclose pertinent loan information, and simply lending money without regard to a customer's ability to pay. Don't be a statistic -- shop for lenders as carefully as you shop for a home!
: Thank you very much for the reply Wes.
:
: --Previous Message--
: Sunshine is very small, relatively
: speaking (only about 1,000 homes per
: year versus tens of thousands yearly
: for the big outfits). That may limit
: your available options, somewhat.
: Some people really seem to like
: them, however. Any manufacturer can
: pose serious problems, though. 80%
: of customers overall report at least
: one MAJOR problem, and many have
: more. Do your homework thoroughly to
: save a lot of headaches and a lot of
: money. Hope this helps somewhat, and
: good luck.
:
: --Previous Message--
: I am considering buying a Sunshine
: Home and wonder how goo or bad they
: are.Please respond, we will know if
: we are approved today or tomorrow.
: What are some names of good homes to
: buy.
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