Short Sale Possibility?
I recently came across a lead for a mobile home with a high mortgage. The owners have only been there 1 1/2 and the bank has threatened foreclosure a couple of times already. The family is having a hard time making payments also. They mobile home is only a couple of years old and is in good condition but the morgtage is almost worth as much as the home. Would banks be willing to do a short sale on a mobile home??
In theory, sure. Why not? Why not ask that particular lender?