Feedback, How to Force Sale On A MH Park....

[Bill Gulley]

Seems we have a MH park still selling MHs with seller financed notes. A large park, not sue how many yet, but they sell a few a month in a great location. Land is more valuable than what the park can produce.

So, another investor is interested in getting the park which is not currently for sale.

The plan: Go in and find a MH for sale with thier screwy deal. Put money down to but it. Close the deal in thier office. Make a payment, then sue the crap out of them, violating the SAFE Act, MO. MH dealership requirements, and any other infraction found after we see the documents.

Bring the feds in, as they have turned a ton of properties in the past year as well as the state.

Now, while there are issues going on, the investor approaches them to sell. Figure the number of sales have already amounted to significant fines. It should be a motivation to run by the time we get done. Make an offer subject to any issues pending and then, make the issues go away through coordination with regulators, showing new management on the park and no more seller financed deals :)

I'd say HUD would go along so long as the violator was no longer in the business.

What do you guys think? While I know most here have not run others out of business before, like those who cheat and violate laws, this is a pretty well established way to bring a little pressure to scum bags and force them out. :)

Yes, it takes time, but no one is in a hurry!

Any suggestions? :))

[Eric S.]

My feedback would be that it sounds like a jerk-move, but if that is how your hypothetical buyer is comfortable doing business than more power to him. Personally, I would not feel comfortable ruining someone because they don't fully comply with a law that I'm not a fan of to begin with.