HELP!!! - Posted by Randy

Posted by Erich on January 28, 2000 at 11:08:02:

Try to fix up the financing. If you can get a better loan, you can reduce your payments.

Try to be a cherry picker. Look for the easy ripe fruit to pick. Don’t waste your time on deals where you can’t make good money easily.

HELP!!! - Posted by Randy

Posted by Randy on January 28, 2000 at 10:20:44:

I need some help, I have a friend and she is having financial trouble and she wants to get rid of her Manufactured house. She said she would let it go and did not want anything out of it. The mortgage is fully assumable. The problem is I think she paid too much? Her house payment is $650.00 and she pays $320.00 for lot rent. She has no equity in the house. She has had it listed with an agent for 6 months…Nothing…I’am looking for a creative way out of this for her… Any advice would be greatly appreciated.

pre-foreclosure, Mobil Home? - Posted by RR Smith

Posted by RR Smith on January 28, 2000 at 11:14:26:

Call the mortgage company and see what the pay off is.
Look up a quote (from the blue book?) of what the house is worth, is there any equity? Are you very, very sure? REstate is not a good deal just because it has good terms. Can you rent it for positive cash flow? All the other standard questions listed here…