Mobile home purchase when home is not paid off?

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  • #4209

    bassadict69
    Participant

    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!

  • #4214

    Lex
    Keymaster

    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.

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