You really should start with the park manager of the park/communities you are interested in. You will have to fill out an application and be approved by them before you even make an offer on a manufactured home in a rent/lease park/community.
Be wary of any manufactured home built before June 15, 1976 as they are "PRE HUD" homes and will be very difficult if not impossible to finance. Additionally many if not most PRE HUD homes were built using caustic and carcinogenic chemicals i.e. formaldehyde and asbestos.
But before you purchase any manufactured home you should have the home inspected by an experienced manufactured home inspector and not just any home inspector.Make sure the home is level and that the pier and pad assemblies are in good shape.
Be sure the vapor barrier and insulation are in tact and not ripped, torn or lying on the ground. Have the inspector look for drainage issues i.e. standing water, soil erosion, expansive (clay soil), rusted and deteriorating piers and dry rotted or decomposing wood pads supporting the piers.
Most importantly make sure the home has an approved set of Earthquake Resistant Bracing (ERBS) installed under it as much of California is in a Zone 4 seismic area:
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This just happened to me at the beginning of August by Wells Fargo Bank. I had two offers on the table that were both short sale properties here in Fresno. The sellers' accepted my offers, but Wells Fargo decided to foreclose on the properties. My offers sat with the bank for over 3 months and Wells Fargo never once responded to either one in that time frame.
In both cases Wells Fargo dumped the properties at the court house steps for nearly 20% less than my offers when the opening bid was listed. My offers were right in line with today's market values.
Short sales are definitely not short. This real estate market is in trouble when it comes to short sale transactions going forward, when you see how bad the overall process is from the banks who hold these mortgages.... more