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Updated about 7 years ago,
Repository Sales and Mobile Homes in PA
In searching the Forum topics, I've found threads on repository sales and threads on mobile home buying and selling. What I haven't seen addressed is the idea of buying mobile homes (MH only in trailer park, therefore no deed, just title) that are in a repository sale.
In going through the repository list in a neighboring county I noticed a couple dozen mobile homes that are in MH parks. These can be had for anywhere between $400-$2000 a piece. After doing some reading, I like the idea of buying and then selling them with seller financing.
My questions are as follows:
1. Would a quiet claim be needed in these instances?
2. Assuming these are still in the MH parks (still just going based on a list, haven't gone to look to see if they're still in place) any reason the park owners/managers haven't removed these things or purchased them?
3. Any estimates on total costs incurred from the legal end?
Seems like this could be a nice cash flow situation, but too many questions remain. Thanks for any insights you can provide.