Anyone ever bought a bank repossessed mobile home?

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mikedudical
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Joined: Mon Jun 03, 2013 2:49 pm

Anyone ever bought a bank repossessed mobile home?

Post by mikedudical » Mon Jun 03, 2013 3:22 pm

I'm new to home buying and I'm looking at several bank owned mobile homes for sale in Texas. I don't have a big budget for repairs or remodeling. As I'm looking at the homes, what do you guys consider the most important things to look out for? I just don't want to buy something only to have a big repair bill 2 months later. From what others are telling me, there's no problem in buying a repo home as long as you inspect it well for any problems.

David Oxhandler
Posts: 1459
Joined: Tue Oct 02, 2007 8:37 am

Re: Anyone ever bought a bank repossessed mobile home?

Post by David Oxhandler » Mon Jun 03, 2013 4:12 pm

"..., there's no problem in buying a repo home as long as you inspect it well for any problems."

That is true as long as you know what to look for. Hire a professional home inspection company. They will give you all the details on the homes condition and list all possible needed repairs to the structure and to the water, sewer and electrical systems.

This will empower you to better bargain for price and know what you will need to make the home livable to your personal standards.
David Oxhandler
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mikedudical
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Joined: Mon Jun 03, 2013 2:49 pm

Re: Anyone ever bought a bank repossessed mobile home?

Post by mikedudical » Mon Jun 03, 2013 4:49 pm

Thanks for the quick response. I'm probably going to be making an offer on something in the next couple of weeks. Would I just try and find a regular home inspection company or is there someone that specializes in mobile homes. There are a couple places I've been looking for mobile home repo's ( https://www.21stmortgage.com/web/21stSi ... g?OpenForm and http://www.repofinder.com/search.php?s=TX). I'm not sure if anyone has dealt with these repo sites before. I'll probably post some more questions for you guys this weekend when I get knee deep into looking at these things. Thanks again!

David Oxhandler
Posts: 1459
Joined: Tue Oct 02, 2007 8:37 am

Re: Anyone ever bought a bank repossessed mobile home?

Post by David Oxhandler » Mon Jun 03, 2013 5:18 pm

Any licensed home inspection company will be good.

Try http://mobilehomerepoman.com
David Oxhandler
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chuoiit46
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Re: Anyone ever bought a bank repossessed mobile home?

Post by chuoiit46 » Wed Jun 27, 2018 4:04 am

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