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Repossessed Mobile Homes Miami FL

This page provides useful content and local businesses that can help with your search for Repossessed Mobile Homes. You will find helpful, informative articles about Repossessed Mobile Homes, including "BUYING REPOSSESSED MOBILE HOMES". You will also find local businesses that provide the products or services that you are looking for. Please scroll down to find the local resources in Miami, FL that will answer all of your questions about Repossessed Mobile Homes.

carlos & d services
(305) 851-1513
8277 nw 191 ln
Hialeah, FL
Services
Doors, Snow Removal, Real Estate, Plumbing, Entertainment & Computer, Garden Features, Ceilings, Patios, Walks, Stone Walls, Water Heaters & Tanks, Central Vacuum, Landscaping - garden, Wallpaper & Wallcoverings, Hazardous Materials Removal, Interior Decorators, Swimming Pools, Electrical, Carpenters, Locksmiths, Heating, Concrete Flatwork, Solar Energy, Painting, Insulation, Home Automation, Central Heating System, Bathroom remodeling, Air Conditioning & Cooling, Decks & Porches, Disability …
Service Types
Residential, Commercial, Emergency Services
Company Information
Hours : 6:00 AM to 7:00 PM M,T,W,T,F,S,S
Years in Business : 7 Years
Languages Spoken : English, Spanish
Licensing Information
General Liability Insurance : Yes
License # : 1518690
Payment Options
Offers Financing, Accepts Credit Cards

Data Provided by:
Silver Court Trailer Park Inc
(305) 649-8941
3170 SW 8th St Lot H823
Miami, FL

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Riverpark Inc
(305) 635-4803
2260 NW 27th Ave
Miami, FL

Data Provided by:
La Palm Trailer Park
(954) 987-1409
6128 SW 35th Ct
Miramar, FL

Data Provided by:
Okomo Associates Llc
(954) 922-1042
3001 Taft St
Hollywood, FL

Data Provided by:
FX Outdoors
(305) 232-2060
17680 S. Dixie Hwy
Miami, FL
Models Available
Toy Hauler Rentals

Data Provided by:
Medley Mobile Home Park
(305) 885-7070
8181 NW South River Dr
Medley, FL

Data Provided by:
Sunny Gardens Trailer Park
(305) 822-5921
2901 W 16th Ave
Hialeah, FL

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5930 Buchanan Street Inc
(954) 925-2710
5930 Buchanan St
Hollywood, FL

Data Provided by:
Re/Max United Realty
(305) 575-2727
1607 Ponce de Leon BlvdSuite 105
Coral Gables, FL
 
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BUYING REPOSSESSED MOBILE HOMES



BUYING REPOSSESSED MOBILE HOMES
Mon 06/15/09 09:43:51 pm
by Corey Donaldson

Cory One way to increase your occupancy and cash flow is to buy repossessed homes so that you can fill up your park. Many mobile homes have been repossessed over the last three to four years due to the lenient mortgage practices of the late 1990s. Many of these homes are being sold now at 30 to 40 cents on a dollar of the actual loan balance. Many states in the U.S. have a plentiful supply of mobile homes, such as the Midwest and Southwest. In the Southeast and Florida, repos are still available but harder to find due to the hurricanes. Still, nationally there is currently a plentiful supply of repossessed mobile homes.   When you purchase repossessed homes from the bank, you purchase them "as is". The two largest banks selling the lion's share of repossessed mobile homes are Vanderbilt and Greentree/Conseco. There are many smaller banks selling mobile homes however Greentree and Vanderbilt are the largest. "As is" means that you purchase that home in whatever condition that you find the home and that you are also responsible to pay any back taxes and any overdue lot rent.   It is important to make sure that you buy a mobile home that is in good shape and that you're not buying something that needs so much work that it becomes cost prohibitive. Buying repos that are in bad shape can be very costly. When I first started buying repos I was dealing directly with the banks and was basically just buying on price. However, I realized very quickly that it would cost me more to rehab a badly damaged home than to buy a repossessed home in good shape. But more importantly, the holding time was very costly. Some of these homes took us two to three months to get them prepared and completely rehabbed. Whereas if we had just bought one that was in really good shape and only needed cleaning, we could've probably had the home on the market within about seven days.   In the beginning, I was buying repos off of the internet from 2,000 miles away. The banks provide pictures and details of the home within their website. However, I found very quickly that a lot of times the pictures look really good or sometimes even better than the actual condition of the mobile home. I realized that it is critical to have somebody go out and complete a physical inspection.   We have found a mobile home dealer who we pay $500 per home to find mobile homes for purchase. He completes all the physical inspections and determines what the back taxes and lot rent due. He also ensures that the home is in good shape. He will provide us pictures and inspection report so that we can decide whether to buy the home or not. We have found that the $500 is money well spent because it has saved us a lot of time purchasing homes, doing the physical inspection, determining back taxes and lot rents, and all of the other time-consuming parts of investigating/buying repos...

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