Similar to manufactured foreclosures, mobile foreclosures are mobile homes (trailers) that have been repossessed by the lender for defaulted mortgage payments. Typically are worth the least but are the most affordable.
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Basically, you will set up a contract for deed. This is, in essence, a way you can pay 'rent' for a certain number of months/years to the owner of the mobile home that covers their mortgage payment but also counts toward the purchase price. At the end of this term, you will need to secure a loan to pay the difference between the amount owed and the sum of the payments you've made.