Is there any way to do this?
I have a 2001 Palm Harbor doublewide on private land. This land is owned by multiple family members and is be sold. I will have the money to pay off the home but don't want to live in it. I then want to sell the home even though I am anticipating losing about $30K, although I will still have a profit off the sale of the land. Any suggestions on how to go about selling it or where to have it move to try to sell it? Basically, I just want out of the home no matter what the cost.[ Edited by cassnatl on Date 05/09/2003 ]
First off, if you sell the land, are you going to require that the MH be moved? It doesn't make much sense to sell the land with the MH still on it. Have you considered owner-financing on the MH AND the land?
You should be able to find a buyer who can put down $2K or so and afford a monthly payment high enough to cover your mortgage on the MH. As for the land, you could charge your T/B lot rent! If you can hang on to the land, you have an excellent scenario for creating a money machine!
If you absolutely, positively must sell the land, then it is reasonable that the new owner may want the MH moved. OR,
***offer the entire package as an investment opportunity to a potential buyer***
Tell your land buyer that the MH (and its note) comes as part of the deal. They can rent it out, sell it, whatever. This might fly. Who knows, your land buyer might want to live in the MH? Just make sure that the land deal and the MH deal are separate contracts.
HTH.
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Just a note here. Sometimes doublewides, when permanently underpinned (brick, block, etc) become deeded and attached to the land, just like a regular house (at least here they do).
This could create a problem for you if this is the case. While you can retitle a DW for independent sale, it's a lot more trouble than it's worth.
Roger
Nice catch, Roger! I guess it all depends on the state and local laws. Some areas of the country consider MH's as RV's (go figure).
Also of note: Double-wides are extremely difficult to re-set properly after they have been initially placed. I've moved these before and they are an absolute bear to get re-aligned, leveled, etc. , if possible at all! It seems they were designed to be moved and set up ONCE!
HTH.
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