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Mobile Home Park Investing

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Marjorie Wallwey
  • Real Estate Investor
  • Aurora, CO
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What happens if someone owns MH free and clear, but doesn't pay lot rent? Can MHP take the home? What is the process?

Marjorie Wallwey
  • Real Estate Investor
  • Aurora, CO
Posted Jul 2 2011, 13:38

I'm looking at a MH in Colorado where the owner owns it free and clear. Lot rent was due yesterday, and she didn't pay it and won't be able to pay it going forward. What can the MHP do in that case? Been searching online (obviously without much success) and can't figure out if/how the MHP would get the home. Owner can't even afford lot rent, so she's not going to move it. MHP made her an offer, but she considers the amount an "insult." Thanks for any insight!
Marjorie

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