With a tough economy in the United States there have been bankruptcies, foreclosures and repossessions on many homes including manufactured homes. After all, there is no home market untouched by the recession Americans are experiencing on a daily basis.
These homes are brought down in price by 50% in some cases. This makes them an exceptional steal in the housing market and the ideal choice for a new mobile home buyer!
There are now several foreclosure and repossession sites available online that allows homebuyers to search by city, county or state. There are also simple search tools such as a countrywide map that allows you to simply point and click to the state location desired.
This can help you find the best mobile home for your dollar and allow you save tens of thousands on your purchase. It’s a great time to buy not only traditional homes, but also repossessed manufactured homes from the banks who have repossessed them!
Once the location for purchase has been chosen multiple listings will appear with a photo of the repossessed manufactured home, amenity details, square footage, etc. Along with the usual home sale information these repossessed homes will have sheriff sales, bankruptcies and pre-foreclosures details.
It is important with repossessed homes that you inspect the home and ask questions about previous damage, repairs, and etc. that may affect the homes stability and safety. This will ensure that the repossessed manufactured home is a true smart buy and you are truly getting the biggest bang for your buck!