How to Buy a Repossessed Mobile Home
- 1). Locate the area where you want the mobile home to be. If the mobile home is a winter or vacation home, pinpoint its proximity to the beach, golf courses, shopping center or other attractions. If it's a permanent home, you also need to ensure access to major highways, health care centers, schools and other institutions. Drive around the community or communities you are considering and get a sense if the place is right for you.
- 2). Check local newspapers for foreclosure auction notices for that community. Contact the county clerk's or treasurer's office and ask if their next "sheriff's" foreclosure auction (due to unpaid property taxes) includes any mobile homes. Contact area manufactured home dealers and local realtors. Stop in the manager's office or mobile home retirement community parks. Anyone with an interest in real estate or property taxes can point you in the right direction.
- 3). View the property you are interested in before the sale. According to J&M Homes (Reference 1, http://www.jandmhomes.com/mobile-homes/searching-for-repossessed-mobile-homes/), it is wise to contact the owner before the scheduled auction date and, if possible take a look inside the mobile home and make your offer. The owner should be allowed to reclaim the property right up until the auction date, so during that time frame they also have the ability to do business with a private buyer. Ensure you are clear on whether the purchase includes any land around the mobile home, and whether there are any pending contracts with another entity that requires that mobile home to remain on its current parcel.
Source...