Posted by Ernest Tew on May 16, 2000 at 06:08:54:
Handling an out of state mobile home when a buyer defaults involves the same procedure as handling it locally. The difference, of course, is that it can be very inconvenient and expensive.
As a result, I wouldn’t recommend investing in mobile homes or mobile home notes out of your area unless you know the person you are investing with has a history of meeting their obligations and the ability to do so. Even then, I would want adequate security to cover any eventuality in the event of a default.