I have agreed to pay cash for a singlewide mobile home which the owner still owes about $4,000. She is wanting me to pay her, then she will pay off the home, then transfer title to me. THIS IS NOT GOING TO HAPPEN! I will not pay now and receive title later, it just isn’t going to happen.
What are our alternatives? I want to make sure I am protected legally!
The usual practice is to get the payoff amount as of a certain date directly from the creditor and have an agreement with them that you will pay off the balance and they will directly give you a release. If the seller is not willing to give you contact information on the creditor, then walk away.