Have desperate seller, need advice - Posted by Mellisa Blackburn
Posted by Mellisa Blackburn on August 25, 2003 at 20:01:21:
I placed an ad in the East Valley tribune for buying houses. I normally deal in SFH, but I had a lady call today who wanted to sell her mobile home.
It’s a 1986, 3/2, double wide, 48x., She couldn’t tell me the complete size. It has a long 1 car carport. A/C is in great working order. It needs a little cosmetic touch up. On a lot in Mesa, AZ.
She owes $33K and is behind 2-3 months, at $400 a month. She is 73 and living off a widows pension. Her roommate is about 62 and also living off widows pension. They are ill and making a combined $1200 monthly.
They want to sell at the price they owe. I’m pretty sure they would be willing to let someone take it subject to and assume the payments.
They also need a place to rent where they would only pay $300 monthly. They would be willing to live in a 2/1 if necessary.
I don’t know much about mobile homes, but was wondering if this was even a workable deal?
Thanks for any advice.