Subject To strategy to sell a double wide my best strategy?

[Gene H.]

@Jay Hinrichs

Hello BPers:

I was wondering if anyone had an opinion or advice on my situation. I am not sure what strategy to use to sell a doublewide mobile home I own on .3 acre in Cle Elum, WA.
Here are the details:
I have a $100,000 HELOC against the property with a Credit Union(I have used the entire amount todate). The monthly payment is $1,000 and it's on a fixed rate of 6.74%.

I want to sell it for $135,000 (which a local realtor recommends. Zillow estimate=$250,000).
I am considering selling Subject To(as I understand it) and so the buyer would take over the HELOC payments, and then for the remaining $35,000 I thought offering a seller carry back loan in combination with a cash down payment to make the deal more attractive. I'd like to sell it

Some of my concerns:

• I've heard it's hard for a buyer to get financing to buy a mobile home
• I'm not sure a bank would provide a loan that would cover the HELOC (100k)
• the holding costs could really add up if I can't sell - homes in the community take a long time to sell (6+ months+) normally.

I'm looking for a good selling strategy so any help would be greatly appreciated.

Gene