Dave Reynolds Wrote:
Based on repos we have purchased recently from
Greentree (and without having any idea of the
condition of this one) I would say that you would
end up paying somewhere in the 20-25k range. If
you don’t want to own the home then you would be
better off letting someone else bid on it to
remove it. If you want to own the home then
make sure that the Greentree rep knows how much is
due on back rent to you the landowner.
Thanks Dave, that’s the kind of info I was looking for. We do want to own the home - we think the property is worth significantly more in this neighborhood with the MH on the property, rather than trying to sell the land ourselves.
We originally acquired the property and were working with the homeowner to try to get a short sale on the trailer. They decided to foreclose, but told us if we bid the amount we were offering (in your range above) we would most likely get the trailer. I was expecting that we may be overpaying, but I’m more comfortable now.