land contract or bankruptcy
Ok I need some advice. My husband and I have a singlewide on 3 acres of land, weve been paying on it for 5 years and its now 3000.00 mmore than the total loan that we even got on it. So were getting nowhere on the singlewide, we want to build a house but we wouldnt be able to do it on our land because our single wide and land are together in a loan. We were going to file bankruptcy on it because were filing anyway because of us cosigning for someone and they didnt pay it so now were getting sued. Now someone has asked us to do a land contract on the singlewide, it does seem like it would be better on our credit other than doing the bankruptcy but its still risky. Oh and i should also tell that we found 5 acres that we want to build on and get everything put in my mother n laws name til bankruptcy is over. So with all that said, i need some advice on what you guys think i should do? HELP!?