REO's in Mobile/Manufactured Homes on the rise!

By
Real Estate Agent with Ventura Property Shoppe DRE #01320372

Hi Everyone!

I just received 3 listings this week from banks who have foreclosed or people have given their keys back to the banks on manufactures/mobile homes.  There are 2 in Oxnard: Oxnard Shores and Meadowlake; and one in Camarillo: Casa del Norte.  The asking prices are very reasonable.

It's a shame that these owners don't know you CAN do a SHORT SALE on a mobile home!  Please pass the word that Short Sales can be done on a manufactured/mobile home.  It is much better for the owner(s) on their credit report to do a short sale than to get it foreclosed on.

Lorraine

Comments (3)

Darin Osenberg
Funky Quail Vintage - Nashville, TN

Our company is a lender, not a RE broker...but I will say this..

 

Good luck getting these FINANCED!  WOWSERS....there are no real channels LEFT for used Mobile homes...especially in a PARK!!!

D

Jul 24, 2009 02:56 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Lorraine, Fight or Flight - it's amazing how many people just want to run away and get out of the situation they are in as fast as they can.

Jul 24, 2009 03:21 AM
John DL Arendsen
CREST "BACKYARD' HOMES, ON THE LEVEL General & Manufactured Home Contractor, TAG Real Estate Sales & Investments - Leucadia, CA
Crest Backyard Homes "ADU" dealer & RE Developer

Hi Lorraine

I'm way late for this one but it just popped up on my radar so here goes anyway. If you come across any more MH's that are in foreclosure or short sale mode please let me know. 

Here's some reference material for you to peruse when you have some time.

Please feel free to log onto our Truliahttp://www.trulia.com/blog/onthelevelcontractors/ or Active Rain bloghttp://activerain.com/blogs/johnarendsen for more comprehensive information about the MH Industry. 

Or you can check our our website and give us a call or drop us an email. We are RE Brokers, Manufactured Home Dealers and licensed, bonded and insured General Contractors and have been actively engaged in the MH Industry statewide for almost 3 decades. 

We love to Network with other MH Professionals.

Feb 28, 2011 03:58 AM