Posted by Mr. C on July 08, 2003 at 10:51:28:
“The owner owes about 25K on the MH and it’s not worth 25K (It wasn’t appraised, but she bought it for a little more than that 10 years ago)”.
You answered your own question. A $25k lien on a home that isn’t worth $25k, is no deal. She’s still upside down after 10y of payments and 2m behind to boot. The reality of it is starting to kick in for her. Weather that will translate to an opportunity remains to be seen.
If you can’t get clear title for ~$5k or so, walk away. It’s her problem, don’t make it yours.