Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Mobile Home Park Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Brian Jackson
  • Mobile, AL
0
Votes |
7
Posts

Mobile Home Park for Tax Sale

Brian Jackson
  • Mobile, AL
Posted

Looking at a piece of property but would love to see the history on it. It's a old mobile home park if it makes a difference. Any sites to get lien info, code enforcement tickets ? 

It's been abandoned for a few years, has about 9 run down homes on the land. Was functional maybe 4yrs ago. Recieved offer from state to buy the tax certificate and just wanted to know what to look for and should I.

Mobile, Alabama area

Most Popular Reply

User Stats

1,566
Posts
1,484
Votes
Denise Evans#1 Tax Liens & Mortgage Notes Contributor
  • JD, CCIM , Real Estate Broker
  • Tuscaloosa, AL
1,484
Votes |
1,566
Posts
Denise Evans#1 Tax Liens & Mortgage Notes Contributor
  • JD, CCIM , Real Estate Broker
  • Tuscaloosa, AL
Replied

@Brian Jackson, you should research the deed records, where you will find sales, foreclosures, liens, etc. You also want to check to make sure the true owner was the same as the assessed owner on the date of the tax sale. Otherwise, the tax sale was void and the true owner can get it back by paying you the taxes and interest only. No improvements. Any rent you collect you will have to fork over.

Often, those mobile home parks are on long term leases, not true ownership. The tax assessment records should indicate if it was a long term lease or ownership. If a long term lease, all that got sold at the auction was the lease, which has probably been cancelled due to payment default by now.

Look for flood plain maps.  I think they are online.

Find out if there is sanitary sewer. Older mobile home parks often on septic tanks. If the tanks are shot and there is no sanitary sewer nearby, you might not be able to put in new tanks because regulations have changed since it was originally built.  Local health department can tell you about septic tank requirements.  City water department can tell you about sanitary sewer.  While you are at it, check out location of all utilities. Was there city water, or was it well water?

Local government liens trump a tax sale. They can foreclose their liens (or sell to someone else, who can foreclose) and pay you only taxes and interest. No improvements.  General liens, like banks, judgment creditors, IRS, Medicaid, etc. have to redeem before they can foreclose. They have to pay all the normal redemption charges, including improvements.

Loading replies...