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Updated about 7 years ago on . Most recent reply

User Stats

125
Posts
92
Votes
Jon Behlke
  • Accountant
  • Hopwood, PA
92
Votes |
125
Posts

Repository Sales and Mobile Homes in PA

Jon Behlke
  • Accountant
  • Hopwood, PA
Posted

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.

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