Mobile home repossession

Caron

yes margie,

The lender can charge-off the unpaid deficiency or a part of it. But you will have to negotiate for that. However, a charge-off doesn't mean you don't owe the debt. The lender considers as if you won't be able to pay off the debt but you are not free from the obligation. Know more about charge-off .

good luck

Guest 0.10 Dollars($)

How many days do I have to move out of my home when they are going to repossess the home?

larry · Joined: 27 Jun 2007 Posts: 3328 473.40 Dollars($)

Hi Nix,

Welcome to the forum.

It will vary from one state to another. So can you please inform us in which state do you stay?

If you don't pay the lender will file you a default notice and within 15 to 30 days after the lender sends you the notice, he will set up auction.

Best of luck,
Larry.

blue · Posted: Wed Apr 02, 2008 4:52 am Post subject:

Hi,

Welcome to Mortgagefit discussion board.

As far as I know, the lender gives you 90 days of time even after he sends you a default notice. Within this period if you do not take any action, the lender will set up auction within 15 to 30 days. But it varies from lender to lender.

Do let me know if you have any other questions.

Thanks
Blue

Guest 0.10 Dollars($)

my home is ready to be repossed its on the market for 122.500 but i owe 103.ooo wen my home is sold by the bank am i still liable to pay wat it doesnt make

Samantha · Posted: Fri Aug 01, 2008 5:10 am Post subject: RE: home repossessed

Hi Jody,

Welcome to the forum.

If the bank is selling the home for more than what you owe, it is likely that you will get back the extra cash amount. But hopefully it will be offset by the legal fees you'll have to pay for repossession. The bank will ask you to pay the legal fees of repossession.

Hope this helps...

God bless you.

Samantha

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