When all the land is sold, where will mobile home owners go?
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An effective date of the approval of the closure of not less than one year so as to provide sufficient time for the relocation of the mobile homes to other parks. If the land occupied by the park is to be sold, the tenants be given the first right of refusal accepting the offer of the seller for the purchase of the park including all improvements. But that wouldn’t solve Carson’s ongoing challenge of balancing the needs of property owners and mobile home park residents. Eduardo Almeida, a resident at Rancho Dominguez Mobile Estates, said the owners, Carter-Spencer Enterprises, have been making offers to buy mobile home units for several years. Carter-Spencer confirmed that, with a representative adding it’s a trend among mobile home parks. They will also have 2.5 years before the park finally closes.
The hitch came when I read the Offer to Purchase form they wanted me to sign. I would be happy to give my comments and thoughts on this deal. Still be aware that insurance will need to be kept current on the home per many banks requirements. Without looking at the closing HUD statement I am unsure how many “Junk” fees you are being charged. If you are looking to provide a HUD1 closing document to your buyers then “Yes” closing in Escrow is the way to go.
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.
Due to non repair of stepping steps, I fell and suffered severe injuries twice by falling down on floor and patio cement. On the documents that I signed, “The Lease to own” stated I was responsible to make all repairs to home.” I do not understand this statement. The handyman that I hired did not disclose all repairs needed on his estimates. I do not have a working heater, breakers for electricity turns off several times a day. Home was sold without a fire and carbon monoxide alarm was not working.
Answers To Your Mobilehome Legal Questions
Perhaps for a free one hour consultation for them to give you their opinion and experience. Depending on your state the registration may be online or in the sellers hands or on the mobile home itself. However the advice above about calling the DMV the morning of closing will give you your answer for sure. Please note that we do not generally handle individual eviction cases, rent disputes, utility disputes, neighbor disputes, or individual home sale disputes between buyer and seller.
All I know is that my husband and I were named to receive the mobile home. My brother in law told me last night that the Deed has the VIN # and Serial # for the home so we are hoping to be able to get a Dup Title from MVC without having to change it into the estate’s name. Reading up on MVC, the estate has to apply for a FEIN and a corp code in order to do this. I wish I could say there was a easy fix however you will either need to hire an attorney to contact the bank, or you can try to speak to the town clerk and BOA to get to the bottom of things.
Closure of manufactured dwelling park
Depending on your state this may in fact be the case, however in 90% or more states this is inaccurate. A mobile home park owner can definitely resell the park even if some or all of the tenant owned homes are delinquent in past due on property taxes. In addition if your home was the only thing stopping the sale going forward I can tell you is a park owner I would fork over the money to get the deal closed myself as owner. With that said property taxes should be paid however what you have described to me the owner saying does not fully seem accurate.
We legitimately challenge these reports and the park owners to protect your right to receive fair relocation benefits. My fiance and I live in NJ and have signed a contract to purchase a mobile home. My question is do we need to have the title in our possession before moving into the mobile home that we are purchasing? One person from the park told us that we would be able to move into the mobile home after we purchase it even if we do not yet have the title. Another person from the same park told us that we must have the title in our possession before moving in. If you could help me out with this it would be greatly appreciated.
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BANK LOANS FOR MOBILE HOMES CAN BE DIFFICULT THESE DAYS HOWEVER IT WILL DEPEND ON THE HOME, YOUR HISTORY, YOUR INCOME, AND AMOUNT DOWN. So there will be no actual trading of money. THE BANK MAY NEED 10-20% DOWN AS THIS IS A “NEW” LOAN. The mortgage company is requesting a signed sales contract. Could I just get a simple bill of sale, NO.
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.
Give your name and address and you will receive the Title to hold until the home is paid in full. Make sure the tenant-buyers are approved at the park. If the park is strict with their background checks then you may consider this TB safe to sell to.
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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