Our crew is currently busy installing new homes and maintaining our current inventory. We just don’t have time to prepare all our used home inventory for sale or lease. You can take advantage of our busy season by purchasing a home that is on our list to rebuild and save thousands. Here is how it works.
PROGRAM DETAILS
You will need skills in carpentry, plumbing, flooring, roofing, and other trade skills to consider this program. This is not something that simply involves painting and decorating. These homes need repairs. Some of these repairs may be extensive.
There is no warranty of any kind.
$1,000 down payment required. The balance is financed at 0% interest.
During the finance period the home cannot be removed from the park but may be resold to another customer or sold back to the park.
Right of first refusal required (see below)
PROCEDURE
Photos of the exteriors are available on our website
For interior photos, email rehabs@cleanparks.com for access
To view the homes, apply for residency as outlined for all homes
We will then set up an appointment with one of our maintenance technicians to review what we know about these homes. That is in no way a comprehensive list. These homes are sold completely AS IS. Almost certainly as you begin to rehab there will be additional problems found.
Closing takes just a few days.
RIGHT TO FIRST REFUSAL TO PURCHASE
A manufactured home
Homes
purchased from MH Finance, Inc., are sold at a reduced price as a service to
our customers. As the owner of the home,
you are free to sell to whoever you choose.
You are not required to sell your home to MH Finance, Inc., or back to
the community. This agreement simply
allows MH Finance to match any verified offer by a buyer. If MH Finance, Inc., does not match or exceed
the offer within 10 days, the customer is free to sell to the purchaser under
the terms presented. If the home is to
remain in the community, that buyer must pass the standard residency
requirements.
Since
this agreement is referring to what happens AFTER the sale of the home to the
customer, MH Finance is referred to as the PURCHASER, and the owner of the home
referred to as the SELLER.
This
Right of First Refusal to Purchase this manufactured home is made on this, the 20th day of
April 2022, by and
between MH Finance, Inc., (and its successors and assigns) hereinafter referred
to as the “SELLER” and Customer 1, customer 2,
his/her assigns, hereinafter referred to as the “PURCHASER”.
WHEREAS
Purchaser desires to obtain a right of
first refusal or first option to purchase certain manufactured home owned by
Seller; and
WHEREAS
Seller agrees to grant Purchaser a
right of first refusal or first option to purchase manufactured home pursuant
to the terms of this agreement; and
NOW,
FOR AND IN CONSIDERATION of $250 and
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, it is agreed as follows:
I.
GRANT OF FIRST OPTION : The Seller does hereby grant unto the
Purchaser the exclusive and irrevocable right, during the term of this
agreement , of first refusal and first option to purchase, upon the terms and
conditions hereinafter set forth, Seller’s property situated at 14115 S. Western Avenue, Site 246, Blue Island, IL 60406. Including without limitation the items
described in the original purchase agreement for the sale associated with this
agreement.
II.
EXERCISE OF FIRST OPTION: Upon notification of an offer verified by the
Purchaser, the purchaser has 10 days to commit to the purchase at the same or
better terms than the third party.
III.
TERMS OF PURCHASE: In the event Seller elects to sell and
Purchaser desires to exercise his first refusal rights granted under the terms
of this agreement, the terms or purchase shall be as follows:
·
Cash payable at
closing
·
Valid title
·
Inspection of
premises by a purchaser verifying the home is in satisfactory condition
IV.
OPTION
OR FIRST REFUSAL MONEY: Upon execution of this agreement, Purchaser
has paid unto Seller the sum of $ 250 as “First Refusal or Option Money”. The
Option Money shall not be deducted from the from the purchase price of the
property and is paid to Seller as consideration for and to make this agreement
valid.
V.
POSESSION: Purchaser shall be entitled to possession of
the property at closing.
VI.
RIGHT
OF ENTRY: Upon notification by Seller of his or her
desire to sell and Purchaser’s exercise of his or her refusal, Purchaser shall
be entitled to enter upon the property for the required inspection.
VII.
DEFAULT: This contract shall be binding upon
and inure to the benefit the heirs, administrators and assigns of the parties
hereto and upon default in any of the terms of this Agreement the defaulting
party agrees to pay all costs of Court and a reasonable attorney’s fee.
VIII.
GOVERNING LAW: This agreement shall be governed by
the laws of the State of Illinois
SELLER: Customer 1, customer 2 Date:
PURCHASER:
MH Finance, Inc., Date:
