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Mobile home park in foreclosure, residents may have to move

Residents of mobile home community may have to move if mobile home park is sold.

Residents of mobile home community may have to move if mobile home park is sold.

A mobile home park in Glenview, Illinois, is at risk of being sold and potentially destroyed because it cannot keep up with its bills. As a result, residents of the mobile home community may be forced to pack their belongings in moving boxes and relocate.

Sunset Village, which opened in 1951, has started to fall apart, according to a recent Kansas City Star report. With cracked roads and a problematic water supply, many residents were already facing an uphill battle before the community's foreclosure problem hit.

"If this community is lost, I think they're absolutely priced out of Glenview," Kate Walz, legal counsel for the Sunset Village residents, told the news source.

Many individuals may have moved to Sunset Village because of the affordable prices. According to the news source, homes at the park sell for $60,000 or less. This is significantly less than the $369,600 median price for homes in Glenview, as reported by Zillow in May.

With the housing market continuing to struggle throughout the nation, many Americans find themselves in similar circumstances as those in Sunset Village. A number of individuals have opted to refinance their mortgages to obtain lower rates, while others have hired rental trucks in order to move to a smaller, less expensive home.