Manufactured Home Financing

[Georgia Holmes]

I made an all cash bid on a foreclosed manufactured home. The bank that owns the home uses an online bidding process and accepted a bid that was a couple of thousand dollars over my bid and was contingent on financing. It has been over two months and the house has not closed. The buyer requested that the bank make repairs to the home in order to secure financing and eventually the bank agreed and made $5,000 worth in repairs. The home has issues with mold and is in very poor condition and it is 15 years old. Apparently, the buyer is using a well-known financial institution as a lender. I would like to purchase this home but the bank is in contract with this buyer and am wondering what are the odds that the financing will go through on this house for this buyer?