All Forum Posts by: Mackenzie Craik

Here is a question for the group. I just bought this park with an owner financing component. I put in a 27% down payment and then the rest was owner financed. 38 total lots, 28 Park owned homes.

So we are working away getting utilities switched over to my name and the previous owner said that his attorney told him not to give me the titles to the park owned homes because since he is “the bank” he shouldn’t give me title to those park owned homes prior to our payoff date. ???

Admittedly, I am new to this and am learning on the run but I would have thought I would get title to those homes. How can I possibly sell off park owned homes if I don’t have a clear title to them?

I would love your input, maybe someone else can learn from my pitfall, haha.

@Joey English I have read a lot of these forums about owner financing these mobile homes and I really appreciate your insight into this business.  I am just now in the process of buying my first park and I have a number of park owned homes that I would love to sell off via owner financing.  I’m curious if you have a suggestion as to the best way to sell these homes off while carrying all the contracts.  I’m located in Augusta, GA...so not too far from you.  Thanks so much.  Hope to hear from you.