Posted by Steve-WA on February 24, 2004 at 15:51:49:
for every one of those suckers, there’s a reason that somebody didn’t pay the taxes - and there’s a reason somebody didn’t bid at the tax sale . . . better find out what that reason is.
Caveat emptor.
Mobile Homes at Tax sales - Posted by larry
Posted by larry on February 24, 2004 at 15:40:45:
I live in PA and I am new to all of this. I went to my local court house and visited the tax office. I purchased the repository list of properties that have gone through the upset sale and the judicial sale with no bidders. The properties on this list are available for a min. bid of $50 and a special aution is held when enough properties are bid on. I have enough selected properties to form a new auction. I have located about 60 MH on leased lots that are up for sale, free from all liens. Any advise or experience?
Re: Mobile Homes at Tax sales - Posted by Greg
Posted by Greg on February 24, 2004 at 16:37:38:
*You can buy the home at a tax sale, but you’d better go find out what the attitude of the MP owner and/or manager are. Will you be expected to pay unpaid lot rent? Are they agreeable to you trying to sell the home to someone else on credit?
*It’s entirely possible for a MH to be so trashed as to have NEGATIVE value, so you’d just end up walking away and losing your bid.
That was written about properties coming up at judicial sale. If a MH couldn’t attract any bid at the judicial sale, it ended up in the repository, as you know. ALL properties in the repository, not just MH, have a problem. Until you know what the problem is, and how to solve it, don’t buy.
For an MH, it’s just like I wrote: talk to the manager, look at the home, figure out where the profit is, then go for it!