How Can I Get Out Of This Park
Thanks for all of your great advise.
Cant afford to move this, credit keepsme
from refi, park gets abandon homes and
sells for 3.9% and I am at 10.5%.
Management here could care less about
your problems! Vanderbilt could only drop payment a few $$$. I just want out
of here before another Michigan winter
hits.
all replys, suggestions appreciated
Check with the MHP before renting, as many (most?) MHPs do not allow their tenants to rent to sub-tenants.
But you can certaiinly sell on RE contract idea, your keeping your note current by selling on contract to another who'll pay you more each month on his/her contract than your note payment.
You can sell via land contract for 3.9% or even rent to own with no interest, as long as the payment meets or exceeds your current monthly obligation, plus you should get some money up front as consideration, option deposit or downpayment depending on your method of disposal. For instance, if your balance is 10k @ 10.5% Payment of $265 per month, you could sell for 12,900 @ 2.9% for $285 per month (figures are not exact for illustrative purposes only).
Good Luck,
Shawn(OH)