I dont expect them to come back, as they left plenty of dog poop and other nice gifts in the trailer. But according to the r/e agent, their parents still live across the road in a stick built home.
The title work has just begun, I dont know anything yet. I doubt the title has been attached to the land, I think Georgia has only been doing that for less than 5 years.
I do not have any plans of telling the parents that the MH was not re-po’ed properly. I dont think they could afford to have it moved anyway they couldnt make the payments, but geeze, in 1998 they paid 3X what I am paying for it now. No wonder they couldnt afford it.
The lender requested that I sign a document stating that I understand that they have no title.
Thats how I got the property, I was not the first contract to be submitted, but the people ahead of me would not sign the document. But the price was too cheap to worry about it. The list price was so cheap, that when I found out I was the backup contract I offered 10% over their list price just in case, and sure enough I out bid someone else by less than $500
It's been a weird sale so far, and the closing in in 2 weeks.
I had just about given up looking for foreclosed land/homes, and started looking at developing my own L/Hs in north Ga. Then began looking just across the border in NC, since the county I want to work in in GA has a min lot size and you cant bring a MH into the county thats more than 7 years old.
In the NC border counties the lot size is determined only by the septic field, and there is no age restriction on the mobiles.
I have plenty of vacation and comp time at my regular job, so doing the fix up wont be a problem timewise.
I will post up how it goes, and what I learn.