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#1
04-09-2003, 01:50 PM
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 Asking payoff??What is the name of your state? Mississippi I am trying to purchase a mobile home. What does it mean when a seller says that ll they want is the payoff. Can I go through a financing company? Does it mean I pay off the balance in full, or can I transfer ownership and take up payments? |
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#2
04-09-2003, 02:03 PM
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| Payoff means 'the amount that they currently owe". Simply, if they owe $8000 on the trailer, that is your purchase price. You would need to get your own financing. Be sure to get a copy of the ACTUAL payoff statement from their lender.
__________________ There are at least 17 lawsuits (!!) pending in various courts, including the US Supreme Court, asking if Obama is a natural born citizen (as req'd by Art II, Sec 1 of the US Constitution). Why has he spent over $1.35M in legal fees to block disclosure... rather than spend $12 for a VALID birth cert to settle the matter? The 'certificate' he has presented doesn't qualify to get a drivers license, wouldn't allow a child to qualify for Little League, or for a real citizen to get a US passport! Last edited by JETX; 04-09-2003 at 07:21 PM. |
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#3
04-09-2003, 06:59 PM
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| Also there may be a possibility that the existing loan is assumable. Contact the lender directly. |
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