Mortgage Company Bids
Well i am a 1st timer and need a little help in making a bid. I have contacted the mortgage company and they would not give me the payoff amount on the mobile ****Must Reach Freshman Investor status before posting URL's*** was given a fax number to send a bid to. However i did manage to contact a family member of original owner and was told payoff was around $1200. I talked to mobile home lot manager to see if mobile home needed to be moved or if it could stay as long as lot rent was payed. I do not have too much info on the mobile home and was wondering if i could get some before making a bid. I talked to the family member and was told that appliances, furnace and central air works great and mobile home looks good with no leaks. Do mortgage companies normally let you look at property? I would definetly like more info before sending bid in.
You will need to get the current owners permission in writing to release the account information. Or the account holder would need to request a copy of there account information by fax. Then contact the mortgage company and ask them where to fax it to so that you or they can get the account information. As far as looking at the place, you will need to get the keys from the current owner as well. I usually can see what I need to see by looking into the windows, and under the mobile. For less than 1200 bucks, a good Central A/C unit, Appliances and a good roof, it already sounds like a good deal. I could make that back salvaging it for used parts.
Good Luck,
Kyle