Posted by Joe C. (AR) on November 08, 2002 at 24:51:26:
Like you said, NOT a deal.
Joe C. (AR)
It was bound to happen… - Posted by Fletcher (Houston)
Posted by Fletcher (Houston) on November 07, 2002 at 15:37:18:
I got a call off of my “WE BUY HOUSES” ad today from someone with a Mobile Home.
Just when I was getting comfortable evaluating Deals on SFH’s 
I think this is a no brainer “not a deal” scenario, but I wanted to post here before I called the lady back.
She is 5 payments behind on her lot ($1225)
Home is a 98 Cavalier (I have no idea what that even is)
She paid about 29k for it new and she owes 26k on it now.
She is running A/C on windows units because she could not afford a new coil for the existing A/C.
Well, any input is appreciated, I don’t know anything about MH’s yet.
Thanks,
Jonathan Fletcher
Re: It was bound to happen… - Posted by Ken H
Posted by Ken H on November 08, 2002 at 08:41:14:
Fletch,
In September I bought a 2002 Clayton Laredo with a working A/C, a Washer & Dryer, All other appliances, a Bed , a Futon, 2 chair, all the decking set up in a park for $10,500, oh and I forgot he through in a set of golf clubs. BTW he had paid $26K CASH in April for the home, So I think $26,000 is a little high for a '98 Just my opinion though.
Some things that were not clear… is the home selling with the land or is the Lot Payment actually lot rent?
Can the Home stay there… A singlewide costs between 1,400-1,700 to move/reset in Houston area…then you have to add the costs of reconnecting the utilities generally 1,000 to 1,500.
If you move it into a park there may be a park entrance fee…
Respond back if you have other questions.