He didn't even do an assumption here...with an assumption the lender knows the property is being conveyed and the new buyer is assuming the existing mortgage which is a lot less risky for both the buyer and the seller.

When I help buyers in COS and they see $700+ HOA and I explain the land lease scenario they don't consider it an option.   

If you buy it too low, in some jurisdictions they will call it "equity skimming" which is illegal.It can be very profitable, I've done many, but you really need to know what you are doing. on pre foreclosures on the West coast if you happen to do them legally .. the old owner is due 80% of the profit if you sell within 36 months.. so there is that.. but if your buying pre foreclosure for long term hold and wait out the 36 months then your fine. the reality these days is post GFC lenders/ banks/ servicers have realize that working with the buyer to reinstate recast redo the loans is far better than taking it all the way to foreclosure so your correct its usually the worse houses that make it all the way to the end and go to sale.thats why if you follow NODs  Notice of defaults or whatever they are call in your state. you see so many postponements and or removed or paid off etc.. so you hone in on one property do all this work only to have it not go  to sale  rarely are you going to buy a home that you really want LOL

First of all it's very rare a seller gets a buyer's EMD deposit for buyer's financing falling thru.

Your potential buyer suggesting you terminate the contract and them paying you a fee does sounds fishy to me.

Our efficient project management and marketing highlighted the home’s transformation, attracting buyers quickly.

I just wrote an offer for full asking price at 30 day close, with a contingency to extent at BUYERS choice for 30 more days if I don't get an favorable response on the electricity install costs.

With investing in MHPs you always need to think of who you’re end buyer would be.

You are unlikely to sell all the properties to one buyer.

Josh its usually the buyers agent who sends the mutual release when the buyer wants to cancel not the listing agent..