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Mobile Home Park Investing

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Jake Hottenrott
Pro Member
  • CPA
  • Belleville, IL
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255
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Selling a MH, Park Owner denies Buyer

Jake Hottenrott
Pro Member
  • CPA
  • Belleville, IL
Posted Nov 28 2016, 19:28

Good evening!  I've ran into a little bit of a stumbling block and I'm looking for additional options for my next move.  I appreciate all answers in advance.

I have a signed contract to sell a mobile home but the park owner denied the buyer due to them not meeting their credit criteria.  The buyer offered to prepay the first year of lot rent and have a cosigner (who has excellent credit).  The park owner rejected that offer as well.

Any suggestions on a next move?  Has anyone run into a similar stumbling block before?

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