grandfather - Posted by Tom (WA)

import · December 20, 2005, 7:15pm

Posted by Brian (UT) on December 23, 2005 at 10:16:09:

Tom

O.K.,The guy has a good sized loan on his property, the real question is does he have a good sized property, and if he does and wanted to sell what your looking at to me, he would have to give me an option to buy a strip to make my lot legal in the future. A very long option that could only be exercised upon the demise of the trailer, or in __ years, proceeds to be applied to existing first mortgage would be fine.

Brian

import · December 20, 2005, 7:15pm

grandfather - Posted by Tom (WA)

Posted by Tom (WA) on December 20, 2005 at 20:15:20:

Older single wide grandfathered on 43 ft. wide lot. New zoning requires 50 ft. lots. If this home becomes unlivable (burns down) do I end up with a worthless lot?

Thanks

import · December 21, 2005, 9:40pm

Maybe another option - Posted by John Merchant

Posted by John Merchant on December 21, 2005 at 22:40:58:

Hi Tom.

I’ve had two or three of these, and found that several of the jurisdictions’ BALD Depts are very helpful in helping you obtain an exception so you can replace the old junker with a newer, better MH.

Now, you please return this favor by telling us how and where you dump the old junker…as we don’t really think you’re promoting arson here!

import · December 21, 2005, 11:24am

Re: grandfather - Posted by Brian (UT)

Posted by Brian (UT) on December 21, 2005 at 12:24:15:

Tom

In general,yes! In reality, maybe not. What is around it, on each side,etc. people with the same problem?

My brother and I once bought a property sight unseen and no details on it,because of it’s location, at a property tax sale. It was really cheap and at the least we thought it would look good on our asset sheet to the bank.

It could not be built on because it was to small for the area zoning but there were 5 other lots next to it with the same problem and those owners also had quit paying the property taxes. We managed to buy the other 5 lots and to split the total parcel into 4 buildable lots with a very large profit on the deal.

So maybe the lot has value to the neighbors. between the insurance proceeds and sale to a neighbor you could do allright. Plus of course, look into the neighbor giving you an option for a strip (if not an outright purchase)if they have some to spare.

Brian

import · December 21, 2005, 10:52pm

Re: Maybe another option - Posted by Tom (WA)

Posted by Tom (WA) on December 21, 2005 at 23:52:44:

Hi John,

I should have come straight to you. I should have known you’d be the man. O.K., help me out here - what’s BALD, other than what I see in the lying mirror? I don’t really want to get rid of it right now. It’s rented & the renter wants to buy. I’m just thinking about down the road “if” something happens, I’d hate to own a worthless lot.

I did get rid of an old, ugly SW recently. It cost me about $750 to haul it and about $750 for the dump fee to Lewis County.

Thanks for the info.

Tom

import · December 21, 2005, 6:56pm

Re: grandfather - Posted by Tom (WA)

Posted by Tom (WA) on December 21, 2005 at 19:56:29:

Brian,

Thanks for you comments. It’s the guy next door trying to sell me the place. I don’t think he could spin off 7 ft. because he has a pretty good sized loan and I’m sure the bank won’t play along. The guy on the other side dosen’t have any to spare either. One person suggested that the city would have to allow you to replace the home, but I don’t know about that.

Thanks, Tom