MHP for Sale by Dying Seller with a whole LOT drama included...

[Janice V.]

I looked at this Mobile Home Park couple weeks ago. The park is distressed with the Seller old age and health problems he hasn't been keeping up the park clean. After couple of hours talking to Seller and his Broker, when I got back home to Vegas I decided its not the right park for me. Over the weekend the Seller called me crying, this time he's at the hospital. He ask to please buy his park and let him live there for free until he dies. Here are the problem why I walked away;

*His Property Manager is the daughter of his living partner who had died last year. She (PM) made the Seller sign a Deed of Trust that He (Seller) owes her monthly Property Manager Salary since 2014 which had accumulated to over $60,000... and if he doesn't pay her (PM) she has the right to foreclose the Park Land and cant sell the park without paying her back.

*Property Manager again made him sign another Contract stating that the Property Manager mother (who had died) was the sole owner of all the Park Owned homes (POH) though in taxes it states that the Seller is the owner, He (seller) then again signed the contract plus a fee of $45,000. Don't ask me how she got around this... he's old and obviously the Property Manager is taking advantage of the situation.

*In their rent roll, The property manager is getting free rent plus half of the income of the park! 

I walked away from this park knowing theres too much drama and I feel like it will cost me more problem in the long run getting involve. Though the park is in high population MSA and a good location I decided to walk away. But now the seller is asking for help I started reconsidering it again and seeing all the documents this Property Manager made him sign make me sick in my stomach how this person could take advantage of a old dying person who doesn't have any family at all.

what would you do? will you consider it?