MH In Wa In A Park-want To Walk Away-need Advice
I just want to have someone take over my loan. I currently have a renter in the home who wants to buy but can't find financing. She has poor credit with a bancrupcy. Is there anyone out there who would give her a loan? You can't do a quit claim deed on personal property can you? Any advice would be greatly appreciated.
LoriInWa,
Glad to meet you.
Mobile homes are triple tough to sell through conventional means, not that they don't sell but majority wise they set for a long time before they do if ever.
You can sell your mobile to your renter with a Mobile Home Bill of Sale, put the terms in the Bill of Sale, then when it is paid off your renter gets the title.
You however will still be responsible for the loan, but you might find your buyer will feel great about ownership in the future.
Welcome on board this board, hope you can make a deal on the mobile.
John $Cash$ Locke