Hey BP Nation, My mother passed away a few days ago and I was looking for some advice.She had a mobile home right now in the San Fernando valley (L.A county) and still owes on it.

Fortunately, it's worth close to $800k now, and we owe $137k on it at 4.75% interest rate. 

My guess is that those are being sold at a percentage of Unpaid Principal Balance (UPB).

If a foreclosure wiped out the property taxes owed every time for the city and counties it would bankrupt them and they couldn't balance the budget.

As you know, an RM, once triggered by the incurable breach, requires a balloon payment of all unpaid principal, interests, advances, costs, etc. 

I tried to search for liens or loans on the property and couldn't find any other than the tax arrears owed.

He is behind 185k on payments, owes 495k on the principle, there's something listed as an unpaid advance balance for 10k.

I read much more than I post but appreciate your willingness to share your experience and share your numbers.I thought your post documenting tax free capital gains on principal residences was a classic... of what I shoulda done.Thanks for taking the time to contribute!

Details:It's a 21yo house in a suburban development outside of Syracuse.4/3.5 1767SQFTShe owes 90,000He offered 96,000I amended to purchase at 93,000 (3,000 assignment fee)He is unwilling to pay sellers closing costs.Trouble is, she's my friend and she is seriously stressing about the whole thing.

• Would you sell the house for what you owe?