Foreclosures are a great way of finding a fantastic deal on a used mobile home. As a matter of fact, it is not uncommon to buy these types of used mobile homes for twenty (20) to forty (40) percent below market value. It is important to note though that buying a foreclosure is not easy, even if you are getting fantastic pricing, the process is usually quite tedious and may involve you writing lots of offers and going through lots of houses so as to get the home that you want. When compared against a typical resale, the process is a bit different in that only one real estate agent gets involved and there is very little if any room for negotiation. The home also does come on an as-is basis and it is therefore up to you as the buyer to pay for repairs. Here are some more important facts you need to know about foreclosed mobile homes for sale.
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