How Do I Sell My Mobile Home If I Still Owe on it?

how do i sell my mobile home if still owe on it

You might be asking yourself, “how do I sell my mobile home if still owe on it?” We work with customers all the time that want to sell their mobile home or manufactured home before they have paid off their entire loan. If fact, many home owners rarely have their home paid off.

How Do I Sell My Mobile Home If I Still Owe on it?

There are a few things to consider before selling your home if you owe a balance. Let’s take a closer look to help you get prepared.

1. Get the contact info for your lender, company or person that you are making payments too.

If you make payments online you can usually log into your account and find out your current balance. You can always call your lender and ask for a “30 day payoff”.

If you don’t pay your account online, the lender might tell you the balance over the phone, or they might only be able to mail you a statement via snail mail. You’ll want to get something in writing from your lender.

Over the phone balance are OK when you are thinking of selling. But over the phone amounts won’t work when it comes time to actually sell. Everything needs to be in writing.

2. Setting your list price

Now that you know the exact balance of your loan, setting the list price is very important. Get out a pad of paper and start running the numbers. You’ll want to figure out how much money to need to have in your pocket after the sale is complete.

For example, if you owe $50,000 on your mortgage and you NEED $30,000 in your pocket after the sale, you’ll want to list the home higher than $80,000. Why? Because you might have realtor fees, closing costs, property taxes, utilities, etc.

3. Call a professional that specializes in mobile homes

Now that you have figured out some numbers, contact a licensed and bonded company, like Helping Hand Equity, that specializes in mobile home and manufactured home sales to give you a market value of your home. Sure, you could call any realtor but if the realtor doesn’t specialize in mobile homes you might be missing out. Selling a mobile home and manufactured home is much different than selling a traditional home. Make sure you do your research before hiring anyone.

4. Closing the transaction

If you hired a company like Helping Hand Equity to help you sell your mobile home, that company will facilitate the transaction from start to finish. That means we will advertise your home, take calls, pre-screen buyers and get them pre-approved for financing and handle the final details to get your loan paid off.

We will contact your lender to get payoff instructions. If the buyer needs a loan to purchase your home, we will work with the buyer’s lender or we will work with a local title company to complete the transaction.

What if I’m selling the home myself and the buyer is representing themself?

If you decide to sell the home yourself, it would be best to contact your local title company. The title company will contact your lender and will process the papers between you (the seller) and the buyer. Of course this is not a free service. You and the buyer will both have to pay fees for this service. In the Vancouver/Portland Metro area the price starts at $700 and goes up from there.

That means the seller will have to pay $700 and the buyer will have to pay $700. Again this is just a starting price. Call around to different title companies and find out how much they charge for their services. Typically, the title company will take their fee out of your sale proceeds.


Hopefully we have answered your question, “how do I sell my mobile home if still owe on it?” If you need assistance with selling your mobile home or manufactured home, feel free to give us a call at 360-215-7372, or fill out our online form below. Thanks for reading!


Angie Surratt
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2 thoughts on “How Do I Sell My Mobile Home If I Still Owe on it?”

  • Michele Swanson

    My son has got behind on his lot payments and modular payments ( to my Mom) his Grandma, not they park is saying she owes back payments of over 10,000. I want to help them both, she doesn’t want the trailer back she is 90 years old and doesn’t deserve this in her life. How can I help them, what can I do? Please help-

    • Angie Surratt

      Hi Michele,
      In this situation you might consider selling the mobile home. By selling the home, you could get the park paid off, your mom’s lien and there might be some funds remaining to use for a deposit somewhere else. If you don’t get the park paid off soon they may take your family member to court and repossess the home. If the park repossesses the home, your family will likely get nothing for the home. If your family is located in the Portland / Vancouver area, we might be able to assist you with the selling of the home. Feel free to contact us at 360-215-7372 if you have more questions. Best of luck!


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