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It is necessary for banks to repossess mobile homes if the owners cannot pay the mortgage. Often banks will sell these repossessed homes for a cheaper price because they need to get rid of it fast.
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∙ 10y ago
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Am looking for repo laws on mobile homes?
You have to look at the laws of the country you are in, or in US the various state laws on repo. Most states do publish these, but many are different. ( if you had said WHERE you are it would have helped.)
How would one go about finding repo mobile homes to purchase?
Several years ago, I did just that to buy the home I now live in. I live near a city that has several mobile home dealerships, and it was just a matter of visiting and talking to several different dealerships, letting them know I was looking for a trade-in or repo. Understand that most of the homes you will be shown will be in terrible condition. Persevere and you will find the home(s) you are looking for. I did. When mobile homes are repossessed, the lender takes back possession of the home. Therefore, your local banks will have listings of mobile homes they have repossessed and are looking to sell quickly.
How many bank repo homes were on the market in 2012?
Only about 10% of the 390,000 bank repo homes available were on the market in 2012 so the market would not be flooded. Therefore only about 39,000 repo homes were available in 2012 even though there were in reality another 90% available.
Where can one purchase new mobile homes?
New mobile homes can be purchased online at most of the manufactures websites. This includes companies such as Clayton Homes, Expo Mobile Homes, and Skyline Homes.
What is the SIC Code for Mobile Homes?
SIC 2451 applies to MOBILE HOMES.
Are mobile homes real property in Texas?
No. Mobile homes are not real property.
Is Champion Mobile Homes filing bankruptcy?
They are still there building mobile homes - - -
Is there a stigma on Modular homes?
There is no stigma for modular homes that I know of,but a lot of people are miss informed about modular construction. Most people are confusing mobile homes with modular homes and there is a stigma about mobile homes and mobile home parks. Another confusing part is the term that is used to describe mobile homes. The term "Manufactured Housing" has been adapted by the mobile home industry to alleviate the stigma of mobile homes. Of course uninformed people bundle modular homes in this mix since modular homes are constructed in a manufacturing facility and are transported, but that is where the similarity if any ends.
Where can one find mobile home sales?
Mobile Home sales can be found at MHVillage, which has nationwide listings. Other resources are Fleetwood Homes and Clayton Homes, which are manufacturers of mobile homes.
Who live in mobile house?
People who own caravans could live in mobile homes/homes that can be moved.
does the government give roof grants for mobile homes?
does the government give grants for roofs on mobile homes
Where to find Oakwood Mobile Homes?
They were taken over by Clayton Mobile Homes, who are now the largest mobile home builders in north America.
