Abandoned Mobile Homes - Posted by TC


#1

Posted by DJ on December 30, 1998 at 20:15:10:

Terry,
You will have to do a little investigating to find out
the situation on each individual one. If they are private lots, they should have street addresses, and you can track down owners through tax office, or if they’re in some type of Mobile Home community, find out who the property manager is and get as much info as possible. Tell them that you are an investor, and that you are interested in buying them, then they should be more than willing to help! Make sure you advise them of your intentions to resell or sublease!
Some parks require that owners occupy their homes!
You need to find out if the owners still have possession, or if the bank has reposessed. If the owner
has possession, you may have an easy deal. If the bank has repo’d, it may be a little tougher. Depending on your credit, you may be able to assume, but I usually don’t waste alot of time with Banks!
Hope this helps!
DJ


#2

Abandoned Mobile Homes - Posted by TC

Posted by TC on December 30, 1998 at 11:32:59:

This lady I know has just bought a new MH and also bought one and a half acres out side of town to put it on.She says there is about 25 or so others in the area also with one and a half acres each and several other lots available>Says there have been at least four of the owners move out and leave home abandoned because they could not afford.
Is this a possible situation that some deals are waiting to be created? Any input you MH guru’s would be appreciated.
thanks
Terry