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    ss in the ‘90’s….…a large majority of these owners simply walked away and let their homes be repossessed by the finance companies

    As a net result of all these repossessions most of the finance companies either went bankrupt or stopped lending to any m

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    I am a Professional Housing Consultant (P.H.C.) certified by the Manufactured Housing Association and have spent many years in the manufactured home industry as a sales representative /sales manager for retail sales centers. Because of my vast experience, I would like to share some financing tips with seniors like myself. Let me begin by going back about ten or fifteen years ago. The manufactured home industry was booming. There were many finance companies available all of which were competing for your business. They would finance almost anyone at a high interest rate and with little or no down payment. The retailers would take almost anything and show it as a down payment and highly inflate the value. As a result this category of customer would have no investment in their home. To make matters even worse the communities were offering free lot rent for one year or more.

    Most of us in the industry knew what was going to happen. However, no one knew when it would happen. It eventually came to pass in the ‘90’s….…a large majority of these owners simply walked away and let their homes be repossessed by the finance companies

    As a net result of all these repossessions most of the finance companies either went bankrupt or stopped lending to any m

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    e, I would like to share some financing tips with seniors like myself. Let me begin by going back about ten or fifteen years ago. The manufactured home industry was booming. There were many finance companies available all of which were competing for your business. They would finance almost anyone at a high interest rate and with little or no down payment. The retailers would take almost anything and show it as a down payment and highly inflate the value. As a result this category of customer would have no investment in their home. To make matters even worse the communities were offering free lot rent for one year or more.

    Most of us in the industry knew what was going to happen. However, no one knew when it would happen. It eventually came to pass in the ‘90’s….…a large majority of these owners simply walked away and let their homes be repossessed by the finance companies

    As a net result of all these repossessions most of the finance companies either went bankrupt or stopped lending to any m

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    our business. They would finance almost anyone at a high interest rate and with little or no down payment. The retailers would take almost anything and show it as a down payment and highly inflate the value. As a result this category of customer would have no investment in their home. To make matters even worse the communities were offering free lot rent for one year or more.

    Most of us in the industry knew what was going to happen. However, no one knew when it would happen. It eventually came to pass in the ‘90’s….…a large majority of these owners simply walked away and let their homes be repossessed by the finance companies

    As a net result of all these repossessions most of the finance companies either went bankrupt or stopped lending to any m

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    no investment in their home. To make matters even worse the communities were offering free lot rent for one year or more.

    Most of us in the industry knew what was going to happen. However, no one knew when it would happen. It eventually came to pass in the ‘90’s….…a large majority of these owners simply walked away and let their homes be repossessed by the finance companies

    As a net result of all these repossessions most of the finance companies either went bankrupt or stopped lending to any m

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    ss in the ‘90’s….…a large majority of these owners simply walked away and let their homes be repossessed by the finance companies

    As a net result of all these repossessions most of the finance companies either went bankrupt or stopped lending to any mobile or manufactured home owner. Many retailers also went out of business. I happened to work for the largest manufactured home retailer and manufacturer in the world at that time. They also had to file bankruptcy and ended up going out of business.

    Now let’s talk about the good part of the industry, seniors like you and me!

    Many of us secured our home investment by either paying cash or putting down a substantial down payment with the result being that most of us are enjoying our investment and our lifestyles today.

    However, those unexpected bills or rising costs keep coming in. There are a number of seniors that have had to leave their comfortable homes and go live with their children. Many have had to give up the activities they like to do. Some have lost a spouse and some income.

    Let me explain how I handled my situation as unexpected bills came in.

    First
    I located a finance company that wanted my business.
    This information is avai

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