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Updated about 8 years ago on . Most recent reply

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255
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Jake Hottenrott
  • CPA
  • Belleville, IL
269
Votes |
255
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Selling a MH, Park Owner denies Buyer

Jake Hottenrott
  • CPA
  • Belleville, IL
Posted

Good evening!  I've ran into a little bit of a stumbling block and I'm looking for additional options for my next move.  I appreciate all answers in advance.

I have a signed contract to sell a mobile home but the park owner denied the buyer due to them not meeting their credit criteria.  The buyer offered to prepay the first year of lot rent and have a cosigner (who has excellent credit).  The park owner rejected that offer as well.

Any suggestions on a next move?  Has anyone run into a similar stumbling block before?

  • Jake Hottenrott
  • Most Popular Reply

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    Jay Hinrichs
    #1 All Forums Contributor
    • Lender
    • Lake Oswego OR Summerlin, NV
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    Jay Hinrichs
    #1 All Forums Contributor
    • Lender
    • Lake Oswego OR Summerlin, NV
    Replied

    many parks do not allow renters @Leigh C  one needs to check with park owner prior to buying a home in a park and establish what the rules the owner of the park has in place.

    Remember a lot of these parks are set up for seniors and the owners want to keep the parks the nice neat tiddy places they are for inexpensive housing for seniors .. not full of tenants and all the baggage they can bring... 

    I know one park that I owned I would NOT ALLOW any tenants all had to be owner occuppied.. and subject to my credit approval..

    business profile image
    JLH Capital Partners

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