Free Mobile Home - Back Taxes?

[Philip Bourdon]

Hi. I will be looking this weekend at a free MH in a park. I spoke to the park owner who said that there was about $1100 in what he called "property taxes" that were overdo.

Howb can there be "property taxes" on personal property? (The previous owner just skipped town)

Wouldn't property taxes be the owners resposnibility as he is the owner of the land/lot?

What could he have meant (he's togh to get ahold of)?

Also, what other liens could be involved? Water is paid by the park.

Thanks,

Philip

[Will Barnard]

This is a perfect opportunity for you to complete a Lonnie Deal. Having the ability to acquire a mobile home for just teh amount of the past due "personal property taxes" of $1k, you can tehn put another few thousand into the rehab, then sell on an owner carried note. Get $4k-$5k down payment (which returns your initial investment, then the balance of the buyer's purchase is received in monthly payments with interest. You just created mailbox money for the next 5-10 years!

make sure the home was made after 1976, otherwise, it will not be up to current code standards.