Owner owes money on mh

[alexmorrow]

What if the owner owes money still on the mh? What can you do?

[F3Nelson]

What if the owner owes money still on the mh? What can you do?

What would Lonnie Do! :grin:

Could you discount the purchase price by what they owe? Id say if you arent comfortable with your margins, then let it go

[Jim Johnson]

What if the owner owes money still on the mh? What can you do?

How about leaving the loan on the property, and having the owner walk away. They sign a power of attorney so once it is paid off you get the title. Sell the home and make the yield until it is paid off...

Just application of todays real estate strategies...

Now you are no money down.

Most of the old loans will have payments that are much smaller than the ones you will charge...