I have a client who would like to shortsale is mobilehome. The mobile is in a Park, with a first of $45,000. The servicer is Greentree. Has anyone done this before? It would be my first mobile home shortsale.
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I recently had mobile home listing located on private property. Financed through Greentree. Greentree would not discuss a short sale. Said investor would not entertain. This paticular situation was very much a hardship situation and could not believe they would not consider but they stood their ground. Would definitely talk with Greentree before I went any further.
I would have your client check with the mobile home park's (MHP) rules on selling their mobile home. Some parks have restrictions on signage, you have to do everything electronically, no signs, includes open house signs too on the lawn or in the windows. The bylaws will let you know. The MHP might want to sell it themselves or give the listing to one of their favorite agents. Get a copy of the bylaws, some are on-line at the parks website. Selling a mobile home and selling a house isn't the same. It's difficult to come up with a selling price, at least in my case,
Kimberley Kelly said:
Agree with Bryant..if they own the land, regular Short Sale process. If they own only the trailer on the land, personal property..
What happened with your shortsale? Did Greentree approve it or did they repossess?
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