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Updated about 8 years ago on . Most recent reply

User Stats

67
Posts
25
Votes
Dave Blackman
  • Flipper/Rehabber
  • Santa Barbara, CA
25
Votes |
67
Posts

Notes on Mobile Homes -- any special considerations?

Dave Blackman
  • Flipper/Rehabber
  • Santa Barbara, CA
Posted

Hi everyone,

Looking at several Non-performing notes in florida and one that popped up of particular interest is a mobile home that is available at a significant discount -- owner has had some legal trouble (DUI, etc) and recently divorced -- but that aside, Zillow (amongst other sites) estimates the value pretty far above the asking price for the note.  Although FL can take quite a while to get through foreclosure proceedings (for any kind of property), are there any particular things to consider note-wise when it's a mobile/manufactured home?  Thanks!

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