subject: Find Bargain Mobile Home Foreclosure Deals [print this page] Find Bargain Mobile Home Foreclosure Deals
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A mobile home foreclosure is a very common sight in today's rough economy. Unfortunately for most mobile owners, they do have lower incomes, and are the ones that are being phased out of many jobs across America. This article will touch briefly on the foreclosure market and how you might benefit by picking up an inexpensive home.
If you have been watching the news anytime in the past year or so you've seen many reports talking about how foreclosure auctions are at an all-time high. If you go through any mobile home park, especially in certain parts of the country you will discover that there are many homes with for sale signs in them.
Unfortunately many of these homes do not sell and end up in foreclosure. However before a mobile home foreclosure takes place, you may be able to pick up a deal at a very low discounted price and stop foreclosure for the homeowner.
Another benefit to picking up a home that is possibly facing foreclosure is that you may be able to get into it for a very low down payment. Some of the things that you may want to check into before buying is whether or not the mobile home can be rented (if it's in a park) or if it can be moved out of the park easily, and put on its own piece of property.
The approximate cost to move a mobile is around $5,000 per section - so if you can find a nice enough home it may be well worth the investment to put it on its own piece of property. Mobile home foreclosure is never a good thing for the homeowner, but it can be a great investment for you.
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