MH Question - Posted by John Laine
Posted by John Laine on December 20, 1999 at 21:56:54:
I did my first “Lonnie” deal about 6 months ago and did pretty well. Purchased a 1972 for $3100.00 + $400.00 (repairs) and sold 5 days later for $8700.00, $500.00 down, $225.00 a month. But now I have a concern. The woman that I sold the home to is having a bit of financial trouble, I am not yet in the process of reposession and it may not get to that point but…
I had a great business relationship with the park manager,and she said it was no problem to keep the home on the lot (but nothing in writing) but she quit a month ago.
I spoke with the new manager and he informed me that any home older than 77 that is sold has to be pulled. So… If the new manager won’t budge, do I have any legal rights if it comes to this point or am I at the mercy of the park rules. If I get the home back from her, I won’t be “buying” it really, but I don’t know how the law works. I live in Arizona
This problem (challenge)has made me a little leary, any comments are very much appreciated.