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Old 04-04-2015, 09:58 AM
 
Location: Palo Alto
12,149 posts, read 8,414,093 times
Reputation: 4190

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They dig up ten people out of millions. Oh the horror.
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Old 04-04-2015, 09:58 AM
 
69,368 posts, read 64,081,664 times
Reputation: 9383
Quote:
Originally Posted by HappyTexan View Post
A contract to build is separate from closing papers....two different sets of papers signed at two different times in the building process.
yes but a contract to build isnt the discussion.

The make an agreement to buy a home, give a deposit, then go out and find a developer..

They then can come back after the developer is found to find out that their original agreement, changed, because it wasnt really a contract, just a deposit.

They would have a right to be upset, not sure where it would hold up legally because mobile homes are viewed as automobiles with a title, not houses because there is no deed. I'm not sure the legalities on needing full contracts up front or not. Thats beyond my knowledge so i cant comment.

I dont even know if this is what took place, but I wouldnt sign a contract, until after I found a developer, but I would however sign a deposit agreement. I could see how this would happen to some who would find what they thought, isnt what it is.
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Old 04-04-2015, 09:58 AM
 
79,913 posts, read 44,167,332 times
Reputation: 17209
Quote:
Originally Posted by HappyTexan View Post
Wishing won't make it all go away.
Absolutely it won't. I support the people and ideas that believe legalese consumes too much of our lives.
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Old 04-04-2015, 10:00 AM
 
69,368 posts, read 64,081,664 times
Reputation: 9383
Quote:
Originally Posted by TrapperJohn View Post
They dig up ten people out of millions. Oh the horror.
yeah, one thing we've learned from the left watching the ACA saga take place, there could be 11 million involved, its no big deal, provided you can move the goal post to appear you were backing the right ideology.
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Old 04-04-2015, 10:09 AM
 
Location: Great State of Texas
86,052 posts, read 84,442,711 times
Reputation: 27720
Quote:
Originally Posted by pghquest View Post
yes but a contract to build isnt the discussion.

The make an agreement to buy a home, give a deposit, then go out and find a developer..

They then can come back after the developer is found to find out that their original agreement, changed, because it wasnt really a contract, just a deposit.

They would have a right to be upset, not sure where it would hold up legally because mobile homes are viewed as automobiles with a title, not houses because there is no deed. I'm not sure the legalities on needing full contracts up front or not. Thats beyond my knowledge so i cant comment.

I dont even know if this is what took place, but I wouldnt sign a contract, until after I found a developer, but I would however sign a deposit agreement. I could see how this would happen to some who would find what they thought, isnt what it is.
That is a contract. They didn't need a developer, they needed to put the foundation in.
That would be part of the terms of the contract..which party is responsible for what.
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Old 04-04-2015, 10:11 AM
 
Location: Palo Alto
12,149 posts, read 8,414,093 times
Reputation: 4190
Quote:
Originally Posted by pknopp View Post
Absolutely it won't. I support the people and ideas that believe legalese consumes too much of our lives.

Every mortgage document has a one page summary that cleary states the interest rate (fixed or variable) number of payments, and total interest paid.

If you make that payment for the number of years mutually agreed you won't have any problems.

One of the subjects in the article had a credit score of 474; it wouldn't matter who loaned the money.

As for the quality issues, most of these manufactured homes are built to a higher standard than traditional homes. We own rental property and can attest how quickly residents can destroy a home. Coffee and dog urine and motor oil ruin $50/yard carpet as quickly as Home Depot contractor-grade carpet.
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Old 04-04-2015, 10:12 AM
 
7,846 posts, read 6,401,995 times
Reputation: 4025
Quote:
Originally Posted by wutitiz View Post
Buffett is a guy who supports Democrats, who lobbies for more government, and more taxes, always with a view to how he can extract a profit from the resulting mess. He uses his army of lawyers and lobbyists to get DC to rig the game in his favor, and rakes in the cash.
Stop coddling Warren Buffett | WashingtonExaminer.com
Here we go again, with right-wingers thinking that Democrat = socialist or Democrat = liberal.

Democrats are not socialists nor are they liberal. Democrats come from the same corporate machine as Republicans. The difference is delivery; Democrats appear to help the poor (and offer crumbs), Republicans appear to hate the poor (and slit their throats).

Warren Buffett likes Barack Obama because they are one in the same; big money, populist, opportunists.
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Old 04-04-2015, 10:15 AM
 
79,913 posts, read 44,167,332 times
Reputation: 17209
Quote:
Originally Posted by TrapperJohn View Post
Every mortgage document has a one page summary that cleary states the interest rate (fixed or variable) number of payments, and total interest paid.

If you make that payment for the number of years mutually agreed you won't have any problems.

One of the subjects in the article had a credit score of 474; it wouldn't matter who loaned the money.

As for the quality issues, most of these manufactured homes are built to a higher standard than traditional homes. We own rental property and can attest how quickly residents can destroy a home. Coffee and dog urine and motor oil ruin $50/yard carpet as quickly as Home Depot contractor-grade carpet.
It's my opinion that most who complain know what the deal is. I do not think there is some widespread fraud conspiracy. Just because one knows isn't a valid reason for all the legalese.
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Old 04-04-2015, 10:20 AM
 
Location: Palo Alto
12,149 posts, read 8,414,093 times
Reputation: 4190
Quote:
Originally Posted by pknopp View Post
It's my opinion that most who complain know what the deal is. I do not think there is some widespread fraud conspiracy. Just because one knows isn't a valid reason for all the legalese.

I would have to agree that there isn't a conspiracy. The legalese becomes necessary because of the people who "know" but then complain and try and weasel out of their obligation.
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Old 04-04-2015, 10:21 AM
 
Location: Ohio
2,801 posts, read 2,308,287 times
Reputation: 1654
Quote:
Originally Posted by HappyTexan View Post
I don't care. I'm making money. The point is that Berkshire Hathaway is not a privately held company.
And ten votes out of 300,000 mean what?
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