(Newswire.net — June 27, 2013) East Grand Forks, MN – North Star Terrace, a CHC Properties’ affiliate mobile home park located in East Grand Forks, Minnesota, recently announced they need mobile homes to sell in their manufactured home community and are paying cash to buy them.
According to a company spokesperson, “The boom in this area and across North Dakota has created a serious shortage of homes for people to purchase. Add the fact that we have been offering in-park financing with low down payments and monthly payments even to people with not-so-great credit, and the bottom line is we are mobile home short.”
The park is interested in 1990 or newer single-wide manufactured homes located within 100 miles or so of East Grand Forks.
Part of North Star Terrace’s home shortage has to do with their successful in-park financing, which helps new homeowners or those who might not otherwise qualify for a mortgage buy their own manufactured homes.
Low down payments and low monthly payments for the home, lot and taxes make this a popular program.
Their manufactured home financing package is designed to help people own their own mobile home.
Additionally, there is a “trade-up” program where homeowners can trade in their current manufactured home as a down payment on a larger, newer home in the park.
According to CHC Properties, “We believe in second chances. There are a lot of good people out there who have experienced recent financial hits, and their credit has been hurt. We help them by giving them low down payments and low monthly payments.”
North Star Terrace is a quiet, well-maintained, and professionally-managed manufactured housing community located in East Grand Forks, MN. With sizable home sites with underground utilities, beautiful landscaping, wide lighted streets, affordable lot rentals, park-offered financing, and friendly residents, it is one of Minnesota’s premier manufactured home communities.
CHC Properties and affiliates were founded in 1979. Today they own and manage over 3,000 manufactured homes in mobile home parks in eight states. With a friendly and knowledgeable staff of professionals, CHC Properties helps people buy mobile homes in nice parks. In-park financing, and a “we believe in second chances” approach to financing, has helped people with less-than-perfect credit own their own home, usually with monthly payments less than renting an apartment. More information can be found at North Star Terrace Buys Mobile Homes.
If you have a 1990 or newer single-wide manufactured home within about 100 miles of East Grand Forks, MN you would like to sell, call the park weekdays at (218) 773-3781 or visit http://northstarterrace.com.
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About The Author: Jeff Martin is a senior partner at NuaVista Consulting, Inc., based in St. Paul, MN. Follow him at Google+ https://plus.google.com/u/0/112570942863636743067