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Mobile Home Park Investing

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David Hedges
  • Investor
  • Crown Point, IN
69
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153
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abandoned trailer home

David Hedges
  • Investor
  • Crown Point, IN
Posted Jul 11 2018, 19:15

I'm looking at purchasing a small trailer park. There are 2 trailers that are not owned by the park, but from the look of them, and what I was told, have been abandoned for a few years. I had been told that the owners had stopped paying rent, and just abandoned the homes. 

Does Indiana provide a way to claim title on these, or do they need to go through an auction process? I had been thinking that if there was a way to take possession of them and obtain title, then at least one of them might be a good candidate to rehab.

If auction is required, what happens if they don't sell? 

do I get to keep the proceeds? 

Can anyone explain the process around this? 

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