Well that sounded somewhat reasonable, I guess...but I decided to look up her address on the county tax assessor's site, just to verify that she had actually sold her home, and lo and behold, Sherriff Sale...she had defaulted on her mortgage and been forced out. not easy to do by the way...

I am working block homes also with L/O and Sub2.You posted-I think your success is basically with the fact that these mobile homes arent selling, you quote 3 years some have had no action and the sellers are super despirate, but this method also works with SFR.I think that is the reason for 99% of my success and any other investor is dealing with motivated sellers.The point you brought up about an owner with a mobile home being able to move their home off of the land is true.

Yeah it is really important I always stress that to borrowers to plan ahead but the reality is that most LO's meet borrowers and clients at the last minute when no planning can be done and we pretty much have to wing it the best we can with what the borrower is prepared to and able to show at that given moment.With 2-3 months or even 1 year advance planning the borrowing process can work like a well oiled machine.

Makes it look like he just wants a quick sell and does not have your best interest in mind.If I understood the situation correctly, the agent did give a reason why, and it was pretty much as you said: he just wants a quick sell, and a lo-ball sale would mean a lo-ball commission.

Lo and behold he's a remodeling contractor!

I would only be the Optionee on an LO or MLO on a performing asset in good shape.  

Any time closing costs change by that sizable amount someone (most likely) the LO did not do their due diligence. 

.……………………………. 313The L/O Investor Approach………………….………………………... 314Rating the L/O Tool………………….………………………………… 315L/O Concepts………………….………………………………………. 315Investor Assignment Technique………………….……………………. 316Lease Option Pitfalls………………….……………………………….. 316Chapter 14 Making Money with Land……………………………… 318The Land Business Model………………….…………………………. 318Land as an Investment………………….……………………………… 319Raw Land ROI Rule………………….………………………………... 319The Advantages of Land………………….…………………………… 320Cellular Phone Tower Leases………………….……………………… 320C.P.T.

I am currently doing that, and I first was not accepted because of ratio issues, but I rolled a couple of credit card balances into the HELOC and then the ratio's worked (I had a really nice LO who let me run a bunch of scenario's by her - the first no may not be the end.  

Kristine Marie Poe Wow- I think I'll be giving your LO a call as I didn't realize there were such penalties if I do something wrong here.