Table of Content
- Answers To Your Mobilehome Legal Questions
- Carson mobile home park closures put owners, residents at odds, with city in the middle
- of the 10 most expensive US homes sold in 2022 are in LA County
- Closures
- Mobile Home Park Closures: The True Hidden Housing Problem?
- Our Attorneys Are Here To Help
- Sale Of Mobile Home Parks In Carson Displaces Hundreds Of Elderly Residents
We have a cash offer, should the bill of sale be enough to transfer the property over to the buyer? The buyer has already been approved by the Mobile Park owners. Because of the high prices of real estate and the lack of affordability of those homes in a stale economy, this particular mh/mfr park experiences very little depreciation as far as parks go. No dogs allowed, no junk on your porch, no engine swapping, and an office staff that enforces its rules and regs, which has created an overall pride in ownership here.
Some agents may not be too familiar with mobile homes and manufactured home sales and therefore the Customers suffer. Walk through the step by step process with the Lien holder as well, if possible they may be able to transfer the ownership from you directly to the new buyer however this may not be likely. For the same reasons we almost always use Land Trusts to purchase traditional investment homes – we use Personal Property Trusts when investing in mobile homes inside rented parks.
Answers To Your Mobilehome Legal Questions
First off I am glad you found a nice home you are happy with and that you got it for a good deal. It sounds like speaking with the park manager before buying the home was not performed. I have a feeling that your seller may have misrepresented that the lot rent has been paid on time for the past few months. Yes, this park does have the right to refuse a mobile home mover/transporter on to their land to move your home. The past sellers had an agreement to pay each month and it sounds like this has not been done.
A Bill of Sale is only one of the forms that you should have when you buy a mobile home. A bill of sale can be a hand written receipt of the sale, the amount paid, any warranty, what is included in the sale, the make, model, year of the home, date, signatures, etc. In most states you will need an office Title that is signed by the buyer and the seller. Make sure to see the seller’s name is the same name on the Title to that home. If the mh is a doublewide there will be 2 titles.
Carson mobile home park closures put owners, residents at odds, with city in the middle
I’m also purchasing The home with everything in it so I will be responsible for cleaning it out. My question is if I buy it before telling the park what can happen? The current owner does not want to notify the park of the sale until they are ready to leave and until the sale is done. This will not start off the relationship with you in the park well however, in the park manager may always have a chip on her shoulder about this. I certainly do not note anything about the park manager and this may or may not be true at all. These are only a few options however your local department of motor vehicles will be able to point you in the correct direction for sure.
I would not expect this Title issue, even if they’re in the wrong, to stop the park from evicting you and/or the home. In MI you can pay extra to have the Title expedited to the new buyer quickly within a weeks time. You should have received Title by now if everything was filed correctly. Something sounds wrong – either something they did or did not do OR a misunderstanding that you though you would receive the Title but really you won’t for some reason.
of the 10 most expensive US homes sold in 2022 are in LA County
Shouldn’t it come from the proceeds of the manufactured home. Wanted to clarification because I’m unsure if this being manufactured is a different process than single family home buying/selling. Good Morning, My husband and I purchased a double wide mobile home in Florida from the owner with owner financing. It also includes the property the mobile home is on. We received the titles for the doulbe wide in our names with no lien holder on them. 2 years of paying the owner, he sold the mortgage to a private company a year ago and now 1 year later the company wants us to put them as lienholder.
“Tenant” means the owner of a mobile home dwelling unit who is renting space from the owner of a park. “Owner” means the owner, lessor, or designated agent of the park. Embry said the owners were going above and beyond what was legally required, which they were glad to do. At the 55-plus Imperial Avalon Mobile Estates, where Holtzman lives, the closure is five months away. Residents will also receive a lump sum matching the difference in rent between their new place and current one for two to five years, depending on their appraisal amount.
There is no verbage in the agreement stating that I can not sell the mobile, there is a clause that states I may pay the loan balance early without penalty. Is the sale of a mobile not the same as a vehicle or a home whereas you may sell the home and the balance due to the original owner/leinholder is paid out of the monies recieved by the sale. The method I teach and use myself when purchasing and reselling mobile homes in parks is to purchase the home using a Trust, and then to sell the beneficial interest in said Trust. This keeps the owner of record the same, and therefore in your control until your buyer pays you every cent that is due. Once paid off the Title is then transferred into the buyer’s name.
There is very few cash buyers and therefore many of these sellers are really having trouble finding buyers. Any homeowner expects to be in control of his or her home, but in mobile home parks and situations where a house sits on rented land, that is not always the case. If a mobile home park is sold or closed, your homeownership could be put at risk. The company is also offering to buy residents coaches and provide relocation assistance for any of them who are having challenges finding a new place to live they can afford.
With all this said I am not an attorney or legal council of any kind. I am from Mississippi and my husband and I are purchasing a mobile home from a couple in our community. CONGRATULATIONS ON FINDING AND NEGOTIATING A HOME YOU ARE HAPPY WITH! They are asking the payoff amount, it is still under a lien.
In California our members have had decent success with local credit unions lending on mobile homes inside parks and on private land. I know you mentioned you tried arrowhead credit union, however I would continue trying as many credit unions locally as possible. Remember that the lender has to approve not only the home and the park, but also you as the borrower.
If you have any further questions or concerns or follow-up questions never hesitate to reach out. My husband and I bought a mobile home in OK at the end of January and still have not received the title. We have a copy of it and all of the paperwork and copies of the checks. We paid for the the home in cash,no loans, no house payments. We have both been to the office several times to discuss this and and just given the run around. Also we noticeed that our copy of the title states G.E.
I apologize that I’m not able to be more of a specific help and give you a direct yes or no answer. Moving forward if you ever have any questions or concerns please never hesitate to reach out any time. I’ve had the pleasure of working with folks from most states so I can tell you that in just about every area you can help solve mobile home sellers problems and resell to low risk tenant-buyer’s. With that said, there are going to be certain areas of the state that are “better” than other areas. The main reason for this will simply be the supply of mobile homes around you. Both in Tampa and Austin I am surrounded by a good deal of parks, mobile homes on land, and a healthy resale market in both areas.
Sign the Title as seller and the buyers sign as buyers. On the bill of sale mention that the home was sold for $13,000. Another $X,XXX will be paid to the seller per Promissory Agreement. I will email this to you in the next few hours. Take the Title, BOS, and Promissory Agreement to the local DMV, go with your TBs.
If an attorney creates a letter on your behalf to send to your sellers this will do a lot of good to get them more motivated about fixing your property. Be aware that you should still try to talk to the sellers first, if they feel like you went behind their back they may even get more angry and refused to talk to altogether. With that said an attorney will advise you how to best move forward. Again, I’m so sorry to hear about the situation and these awful sellers not living up to what they agreed to. Please keep me in the loop and I’m sure we would all like to hear how this ends up.
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