Closing Costs?

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Posts: 67
Joined: Sun Jun 30, 2013 11:59 pm

Sun Jul 14, 2013 5:05 pm

If I buy an older mobile home from the MH community, in general in that case will I be charged a closing cost. Obviously paying cash.

And if I were to sell it later on do I have to charge closing costs or does the park charge them> I know my question sounds stupid, but I know nothing about this subject.

Posts: 342
Joined: Fri Apr 06, 2007 9:14 am
Location: Delaware

Tue Jul 16, 2013 12:42 am

As far as I know the closing cost are associated with a mortgage. It would depend on the mortgage company what the closing cost is at the time you get the mortgage. Since you are paying cash there should not be any closing cost per-say unless the park has a transfer fee associated with it.