Jim J.

Thanks for all of your answers so far. I understand the difference between mobile and manufactured homes. While I would normally never consider a mobile, Ruthless' comment is intriguing; the one regarding how neighborhoods that were formerly dominated by mobiles can change over time. There is a neighborhood in my search area that might fit this criteria. It may be worth getting into one of the older mobiles, then when I can swing it, replacing it with a stick-built.

As it happens, there is also a recently-built traditional home on one of the old mobile lots in this neighborhood. From assessors records it appears it is now bank-owned. For reasons I don't completely understand it is also listed on my realtor's website. A stipulation in the listing says that offers must be accompanies by a prequal letter. I don't know if this means the bank does not intend to auction..? In any case, the place has been on the market for over 6 months. Assuming the assessors record of sale is anywhere close to reality, I may offer the bank $10k less than they paid the title company. The worst than can happen is that they will say no... And if not, I may be able to get into a better place than I was expecting in this market.

Thoughts anyone on buying bank-owned when the property is listed in the 'normal' fashion (meaning all standard information about building and lot size are disclosed along with number bedrooms, baths, fuel, amentiies, and meaningful photos area included)?

Thanks for all your help! This site is great! - Sun Jan 6 2008, 21:25