The buyer will have to purchase the property subject to the other liens (mortgages, mechanics liens, etc) that are already in place.Although it's possible that such a sale could trigger your lender's due on sale (DOS) clause, it's highly unlikely for the DOS to get triggered as long as the mortgage keeps getting paid.

I have a mobile home that I got a killer deal on, it is in Florida and the lot rent is about $530 which is the main reason people are not interested.

I want to get into the mobile home scene but here in California its a bit over priced so i would like to buy out of state.

I currently own a mobile home in MN.

Here are the types of transactions that you would be restricted from doing more than once every 36 months:> > o Selling YOUR OWN HOME using a land contract or owner-held mortgage so that you can get a quicker sale, higher sale price, or better rate of interest than is available in other investments> > o Carrying back owner-held second mortgages on investment properties that you sell> > o Doing any kind of installment sale on residential properties including homes, condos, mobile homes, and even raw land that is zoned residential> > Yes, there will undoubtedly by ways to "get around it"-some have suggested that getting a mortgage broker's license and then learning and following the vast new set of regulations would circumvent the "problem".

Here are the types of transactions that you would be restricted from doing more than once every 36 months: o       Selling YOUR OWN HOME using a land contract or owner-held mortgage so that you can get a quicker sale, higher sale price, or better rate of interest than is available in other investments o       Carrying back owner-held second mortgages on investment properties that you sell o       Doing any kind of installment sale on residential properties including homes, condos, mobile homes, and even raw land that is zoned residential Yes, there will undoubtedly by ways to "get around it"-some have suggested that getting a mortgage broker's license and then learning and following the vast new set of regulations would circumvent the "problem".

In fact, any kind of installment sale on residential properties (including houses, condos, mobile homes, and residential land lots more than once every three years will be subject to this legislation.The original bill presented to the House didn’t make any exceptions to owner financing.

Hi AllI am a new investor -- i have 2 single family rentals under my belt - but now my interest is peaked with mobile homes.

I also wonder about the mechanics of an option transaction.

I'm looking at a mobile sitting on 1.5 acres, list price is 32k.