xxmsaxx

First off I would like to say hello to everyone, as I am more of a troll than a constant poster but Ive been with the TFP for awhile now and always thought it to be a great site with out the degradation of most forums on the internet.

I guess I am looking for some advice from those of you who either
A. Own your own home or B. Know a thing or two about real estate and loan applications. I will tell you my situation and then would like it if someone could give me an idea of what they see as options I could go with to get myself out of the pickle I am in.

In 2001 I purchased a mobile home from palm harbor on a fixed 30 year loan at a 12.75 % interest rate for roughly 46,000. Last year I caught my wife having an affair on me and we got a divorce and alas I was stuck with the home and my little girl while she ran off to go be with her boyfriend.

Now that I have my finances back in order somewhat, I am looking to get rid of this home for several reasons. I don't own the land it is on so I pay 500 dollars a month for mortgage and 200 dollars a month for a lot fee. I know I could be in a nicer/safer home for less than that but I honestly don't know how to move forward with my financial planning in order to make my ideas come to light.

I know what your saying, "why not just sell it and be done with it?" I wish it were so easy, but alas the house is appraised at 28,000 and I still owe 46,500 in order to get it paid off. The mortgage lender GreenTree does not allow me to transfer payments to another party so my only option to sell is to come up with the 45g to pay it off then I can do with the home as I please.

My credit is not bad, I make about 37g a year and have been working for the same company for almost 7 years now so what I would like to do is get a true blue sticks and stones house and pay this one off so that I can get rid of it somehow. Of course I live check to check and without the help of a loan I cant accomplish such a feat.

I know this a boring problem not as juicy or entertaining as a lot of things on the TFP, but if any of you have an incite as to what someone in my position should do in order to reach my goals I would most grateful. As always, thanks in advance to any one who replies....

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Work for pay and pay for freedom