It is amazing that you know all the details of this mobile!
The size, name, park name, etc.
Please don’t tell anyone the price(which I am sure you know) because I didn’t do as well on this one as I wished. It was bought great, but couldn’t sell as well; because it was directly across from the PM’s mobile and she had some “restrictions”.
I think my yeild over 4 months will be about 173% not considering time value…but could have been better if this mobile had been 1/10th of a mile away!
One of my buyers is going to pay off his note. He needs a letter that states that I will release the lein as soon as I receive my check.
Is there a certain way this should be done?
What details are needed?
Should I have to go to his bank to get the check? (No big deal…but cant funds be transferred around these days?)
Do I need a lawyer?
I love this payoff(like my first cash deal, kinda) and it makes a yeild almost unimaginable, plus I allready have a home ready to continue it’s payment stream.
Posted by Steve-WA on August 16, 2003 at 23:09:22:
Keep It Simple, S*****!
Shouldn’t take much, just put in what he asks for
“Upon receipt of funds for payoff of promissory note in the amount of $XXXX.XX, Philip the MH King LLC will release all interest in the MH described as follows: 1958 TinCan, 8x50, S/N 1.00, located at Space 13, Munsters Mobile Home Community, 1313 Mockingbird Lane, Sticksville MO”