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It seems to me that you're under water on that loan and under water as far as what you can currently save for a downpayment for actual real estate.
Does your exwife need to pay any child support payments? Is she also on the mortgage?
Have you thought of refinancing to a lower interest rate? (I'm not familiar with what interests rates would be on a mobile home)
My condo in Las Vegas was $65,000 @ 7.25% for 15 year loan (IIRC) and my payments are below $500/mo and it was a $6,000 downpayment so I'm trying to figure out the adjustment from the 15 to 30 year difference in interest.
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