How To Solve Missing Title MH?

I found a park that includes 15 mobile homes with missing title. The seller did not understand that each home needs to have a title so he did not ask for it when he purchased the park about 1 yr ago. The current owner has rented a few of these missing title homes for almost 1 yr and nobody claims for the homes so far. The previous seller is not cooperative. How can I correct this problem? In other words, what can I do to ensure that I own those homes legally? Thx.



[ Edited by ew86 on Date 01/05/2007 ]

Comments(2)

  • Mr-Smith5th April, 2007

    And yes, that does seem a very good idea to fix up and resale by owner financing if you could make the numbers work.

  • cjmazur26th July, 2007

    everything might have to go toward paying the mortgage
    Can you make a balloon note with the seller. say 30 year amortization due in 5 year. in 5 year you better have your credit beefed up.

    Payment is low and if you want to throw extra a principal you can.

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