Lorraine Burns

Hi Everyone!

I just received 3 listings this week from banks who have foreclosed or people have given their keys back to the banks on manufactures/mobile homes. There are 2 in Oxnard: Oxnard Shores and Meadowlake; and one in Camarillo: Casa del Norte. The asking prices are very reasonable.

It's a shame that these owners don't know you CAN do a SHORT SALE on a mobile home! Please pass the word that Short Sales can be done on a manufactured/mobile home. It is much better for the owner(s) on their credit report to do a short sale than to get it foreclosed on.

Lorraine

The market has been HOT and HEAVY for the last few weeks in the under $600,000 range. This weekend, for the first time in weeks, my cell phone didn't ring off the hook. Is the market turning again? Or did the weather just drive everyone elsewhere? Let's see what happens this week.

Lorraine

Hi All! My name is Lorraine and I am a Realtor. I specialize in manufactured homes (mobile homes) in the Ventura County area. I believe that an alternative to the traditional stick-built home is the manufactured home. They are an excellent starter home - better than a condo in my estimation. In a manufactured home you have your own individual space - you are not sharing walls with someone else.

The only drawback that I see is the down payment to get into a manufactured home - but is it truly a drawback? Thanks to the lending on manufactured homes always being tight, the manufactured home has not seen the decrease the traditional stick-built homes have had in value. For any home older than 10 years old, the manufactured home industry has always required a 20% down payment.

So I am here to talk about the alternative of manufactured homes (mobile homes). In Ventura County they are mainly located in parks that contain a clubhouse, pool, different amenities for the home owners to use. The parks are either for all-ages or limited to seniors (age 55 and over). And the spaces in the parks can be owned by the owner of the manufactured home or by the park. When the space is owned by the home owner, this give the mobile home a lot higher value. When you rent the space, space rents here go from $300 per month up to over $1000 per month.

So how may I help you discover the world of manufactured homes? Contact me with any questions by email at LorraineBurns@sbcglobal.net. Or you may visit my web site at LorraineBurns.com.

Lorraine