Posted by Dirk Roach on December 01, 1998 at 14:59:13:
Is the loan assumable? If not one possible solution would be to rent the home. But what I would do is set up a trust, get as much of a downstroke as I could from someone, structure their monthly payments around the 209. mark (paid into the trust) the trust then 0pays the finance company. And everyone is happy. I don’t know about finding someone with 10k to put down, but you might. was the dirt that the MH is on part of the 52k? If not I wouldn’t be real excited to sell it. I would however think about renting it out. Yes the peolpe have bought the MH (on terms) but they are renting the space. I’m not sure if any of this adivce is legal, but I would check it out.
Dirk