Posted by Bill Hicks on April 11, 2006 at 16:00:04:
First, we use title companies in Texas to insure title. You need to do this for the land.
Second, please don’t call people who buy or own manufactured homes flaky. It’s very offensive.
My mother happens to have lived in a mh for 20 years because it allowed her lakeside living at a super low price.
Find our what the payments are on the mobile itself
and multiply that by the number of payments still left. If you feel the cash from your IRA would be well spent paying it off, then do so. If not, don’t. It’s as simple as that. Can you sell the
home and land for more than the remaining balance on just the mh or not? It’s a mh + land deal. You don’t need to reinvent the wheel.
My 2 cents.
Bill H. (TX)