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can they force me to pay?

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ellis170 Joined: 18 Apr 2011 Posts: 1 1.31 Dollars($)	Posted: Mon Apr 18, 2011 2:02 pm    Post subject: can they force me to pay? Like 0 Dislike 0 I told the finance Co.I could no longer afford the mobile home I haven't lived in for 4 years.(rental for 2) I told them to come get it, they have and sold it. I still have a $35000.00 balance. I'm broke and can't afford to pay anything! What can they do to me?
smithsussane Joined: 18 Sep 2008 Posts: 10423 Location: Alaska 983.47 Dollars($)	Posted: Mon Apr 18, 2011 8:57 pm    Post subject: Like 0 Dislike 0 Hi ellis! Welcome to forums! The lender has the rights to come after you for the deficient balance resulting from the sale of the property. You will have to negotiate with them so that the lender forgives the deficient balance. Feel free to ask if you've further queries. Sussane
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Tue Apr 19, 2011 11:10 am    Post subject: Like 0 Dislike 0 Ellis, you can certainly try to get the lender to ignore the outstanding balance, but that may be difficult. Nevertheless, if you cannot make payments, that's that. Just give them the full skinny on your situation so they'll know what to expect. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044
chrisgummerson Community Expert Joined: 29 Apr 2010 Posts: 704 Location: La Palma, CA 9.98 Dollars($)	Posted: Tue Apr 26, 2011 11:26 am    Post subject: Like 0 Dislike 0 It depends on the state and the type of loan that the MH was secured by. If you live in a deed of trust state, and the MH was permanetly attached the the foundation, and you owned the land, and you have a "power of sale clause" on your note, then you cannot get a defiency judgement. _________________ Chris Gummerson Bay Valley Mortgage Group bayvalleymortgage.com 714-367-5125

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