Hi Pam, sorry to hear about your son's situation. I am not sure on the legal rights concerning mobile home parks and tenants. I would check out the Arizona Mobile Home Parks Residential Landlord and Tenant Act for more information.
Regarding his mortgage on the mobile home, I would suggest he call the mortgage company ASAP and explain his situation, they may be willing to do a deed-in-lieu instead.
While there may be some agents out there that do put thier clients in line first, at the end of the day the decision comes to who has the highest and best offer and that is determined by the asset manager. As a REO listing agent, I personally submit every offer into the equator system as instructed to do by my asset manager. RIght now we are seeing lots of multiple offers on many homes especially the nice ones that are priced right. So perhpas just educate your buyers that they have to put thier best foot forward when making their offer. This may include not asking for closing costs etc if there are multiple offers on the home they want to buy. Ask if any of the offers are cash, ask if any are above asking price, we as REO agents can tell you that, we just cannot tell you what the numbers are the usual answer is yes we are above asking price and you need to come in with your highest and best offer. As for getting your own REO listings...that is a whole other animal in and of itself.
Good luck... more
Dont file bankruptcy approach each bank have your bank statements for the past 4 months, letter of hardship, work direct with lender It is amazing deals banks are accepting without having a foreclosure. You might offer a short sale with the banks which needs their approval. Would any of renters want to purchase the properties?... more