Re: MH Lien?? – Lonnie or Ernest, please answer - Posted by lonnie
Posted by lonnie on July 02, 2001 at 19:45:52:
I would first contact the lien holders and find out what they intend doing with their old beat up and trashed mobile home, with $xxx delinquent lot rent due, that’s sitting in waist high weeds, on your lot. If it looks real bad, send some unflattering pictures of the home to them. Depending on the age and condition, they might very well be willing to give it to you, rather than spending money to have it moved.
Don’t make them an offer until you see what position they take, and how anxious they are to get the home back. If it’s an older single wide, and needs work, I would try to get them to pay me for taking it off their hands. Otherwise, they’re looking at spending money to have it pulled, a park that will accept it, or paying storage until they find a buyer. They don’t have any negotiating leverage, so don’t give them the impression that you even want the home. With all the repo’es the banks have, I’m sure they wouldn’t want another one, especially if it’s old and needs repairs.
Not being familiar with the laws in your area, I can’t say what the procedure is for repo’ed homes. Check with your clerk of court, or City Attorney. Since the home is in your park, and rent is owed, you might do what many parks in my area does. Some parks send the lender a notice that the home has been abandoned, how much rent is owed, and if they want to keep the home in the park, send a check. And this works in most cases. You might try it and see what happens. But let them know that it’s their problem, not yours. And they can always go after the person who owes them the money.
You might want to initiate the appropriate legal action for possession of the lot. Once possession is granted, notify the lender and require them to pay rent or pull it. If they do neither, you would then have legal grounds for rent, or the home.
Since you’re not making any money on this home, a vacant lot might be the best thing for you. By placing you home on the lot, selling and taking a note, you’ve taken over the banks position. Why let a bank make money in your park?
Good luck, and let us know what happens,