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Updated almost 6 years ago on . Most recent reply

User Stats

37
Posts
2
Votes
Toshiki Hoshino
  • Real Estate Broker
  • Albuquerque, NM
2
Votes |
37
Posts

Parked Owned MHP Advise

Toshiki Hoshino
  • Real Estate Broker
  • Albuquerque, NM
Posted

Hello,

I'm looking into purchasing a mobile home park that consist of parked owned homes on permanent foundation.  Titles has been deactivated and it is taxed as real property.  I am looking into reactivating titles and sever to sell off homes to the tenants.  Few of the titles I've looked into has different names from the seller which means that it was never switched over to his name.  I have couple of questions.

1. Can the title holder claim the mobile homes or their rights were taking away once the property converted into a real property?

2. If the seller doesn't have the titles to these homes, how can I get it switched over to the seller's name?

Thank you!

Tosh

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