Mobile home reposession

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Michelle414

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PostPosted: Sun Nov 01, 2009 3:44 pm    Post subject: Mobile home reposession

I live in a mobile home park in California where the land is leased. The rent payments have gone up so much over the years that we can no longer afford to stay here. I have been trying to sell the home for over 2 years with no luck because the rent is too high and we owe literally 3 to 4 times the amount of money other homes in the park are selling for. The mortgage company refuses to work with us. What will happen if we walk away from the home and it is reposessed? What are the risks other than bad credit?
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Icon Mini Profile jameshogg
jameshogg



Joined: 20 Dec 2005

Posts: 4291
Location: nevada
509.34 Dollars($)
PostPosted: Sun Nov 01, 2009 7:54 pm    Post subject:

Hi Michelle,

A query similar to yours has been answered in the given page:
http://www.mortgagefit.com/problems/walkaway-mobilehome.html

Please take a look at it. I hope it'll help you.

Thanks.
Icon Mini Profile apple8520




Joined: 02 Nov 2009

Posts: 3

1.38 Dollars($)
PostPosted: Mon Nov 02, 2009 12:17 am    Post subject:

I have been trying to sell the home for over 2 years with no luck because the rent is too high and we owe literally 3 to 4 times the amount of money other homes in the park are selling for. The mortgage company refuses to work with us. What will happen if we walk away from the home and it is reposessed? What are the risks other than bad credit?

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inditsantelia

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PostPosted: Mon Nov 16, 2009 1:03 am    Post subject: Please, help me to find the popular sites about loans.

Hello,
Help me to find popular loans sites.With best regards,
inditsantelia
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