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Yes, many… With regards to advertising your home, selling your home, working with potential buyers, getting things ready to close, dealing with negotiations, paperwork, etc. We could certainly talk about mobile homes for hours. However moving forward if you have any specific mobile home related questions never hesitate to reach out any time. I hope this helps and starts to point you in the right direction.
Don’t hesitate to ask any follow up questions as well. First off I am sorry that you are going through these headaches with the note holder. After reading your comment and questions I have a few thoughts that may help.
Mobile Home Closings Inside Mobile Home Parks
Again, the purchaser’s bank should be vocal about this. I hope this all helps and at least point you in the right direction. If you have any follow-up questions or concerns never hesitate to reach out anytime.
First of all, let me say congratulations on finding a home you truly love and want to be living in. You can absolutely offer $32,000 and feel good about it. This is a good bit of money and it is a very valid purchase offer. With that said the seller has every right to say no or county or offer somewhere in the middle. If this seller could have sold for 38,000, then they would have already. I would certainly make an offer of $32,000 and aim for a fast sale.
Answers To Your Mobilehome Legal Questions
Can I just quitclaim it to the guy and not have to worry about getting fined or jailed? These mobile homes are not attached to or part of the land. So it is not considered Real Estate even though the owners illegally charge pass on taxes. Thank you for reaching out to me in this issue. It certainly does seem that you are in the right. I regret to hear that this family is changing wills and titles from that was originally agreed to.
If you have any follow-up questions or concerns please never hesitate to comment back and reach out anytime. I very very much regret to hear the situation that you are currently in. It sounds as if now that the mobile home park has been sold, the new owners want to redevelop it into some other type of land use. This means that everyone inside the community is forced to leave. I think it is terrible when parks sell out to developers that plan on getting rid of communities and neighborhoods.
Closure of manufactured dwelling park
As far as nationwide lenders I will suggest you to 21st-century mortgage Corporation. Another solution is to make the seller monthly payments for the purchase price of the home. Congratulations on the coming home purchase and I hope you are getting a great deal. Most buyers overpay when purchasing from a broker or dealer so make sure you are happy with the price and/or payments. Depending if the home is on it’s own piece of private land you re buying OR if the home is inside a park will determine the approximate closing costs. Additionally if you are obtaining a mortgage than you will be paying for mortgage origination as well as hazard insurance on the property before and outside of closing.
Then, the whole mess has to be done again to transfer it to the fellow I am giving it to. I don’t have the money for this, but I need the trailer gone. Is there another way to legally sell this thing in Texas?
If you do sell via a Bill OF Sale be aware that this sale will not be recorded by the state. Make sure you get in writing that no SOL will be transferred. Happy to help and thanks for the fast reply. After reading your comment it sounds like you’re looking for the easiest and cheapest way to get the mobile home off your land. From my experience even a scrap removal company will want to verify that the home is in your name. $300 for applying for an SOL and miscellaneous fees sound about right, perhaps even a little low for title work.
Or perhaps the folks selling you the home were offsetting another cost and calling it a “state tax”. With all of these things said this fee should have 100% been disclosed when you are signing contracts to purchase the home. While this sounds a bit complicated is all fairly straightforward and smooth going as long as both parties do just what they say they’re going to do. It is also a good idea for the seller to contact their bank and ask them about the current pay off total and quickest procedure when selling the home and paying off the note.
I live on the border between MA and NH and would like your opinion on which state I should start in? I have my thoughts but have not been able to decide based on the mere fact that I donot see too much of this happening up here. Are the homes too expensive are the NH and MA Safe Act and Dodd Frank laws too strong. Is it possible to buy a MH and sell with financing in either of these states? I would have emailed support but I though since there wasnt much on here about NH and MA I would ask my questions here.
If you let me know what state you are in I can advise your further if you need help locating this office. Mobile home notes in parks can pay like a dream or a nightmare depending on the purchasers inside the home. Mh notes in parks are risky because they do not include the land the home sits on as collateral . Be prepared to step in as manager if needed to protect your investment. Be aware that if the buyer defaults, you or the original investor will likely be liable for the monthly park rent to protect your investment. My advice would be to make certain you are purchasing notes from a very seasoned MH investor with a track record of profitable deals.
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