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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (17105)	2/10/2004 8:53:30 PM
From: Tradelite	Respond to of 306849

<<Fannie Mae revives support for mobil home lending>> Pardon me for a moment of humor here....but.... I just finished assembling all my 2003 tax stuff for the tax preparer....and in 2003, I finally completed a long-term installment sale of land in Texas to a mobile-home couple..... At the end of this long-running saga, I received a surprise payoff two months in advance from this couple. When I suggested that we get moving on something I had already set in motion---namely, getting a lawyer to draw up the deed and get it recorded in the name of the debtors, they tried to put it off, saying they were too busy, that the legal fee was more than they could handle right now, yada yada. I talked to this very nice couple on the phone and pressed my point that, now that I had all their money, we needed to get the land deeded to them in proper form. Still I got resistance about them being too busy and one of the things they were busy with was "redecorating" their OTHER mobile home. I sealed the deal when I mentioned that my spouse and I could die tomorrow with all their money, and that they still didn't have a deed to the land they had paid for. It's amazing how little some people know about real estate ownership.