Mobile home foreclosures or repossession - What next?

Guest

Hi there,
My husband and I and our two boys live in a manufactured home community and we would like to move out into a bigger home with a yard this year. How can we get out of our home and the land situation? Do we sell it back to our bank?Would the left over balance of our home be tact on to the home we will buy? We would like to get it out of our names clean and clear without having to sell it to someone else? Can you give us steps on making the process easy. Thanks

Posted: Wed Apr 08, 2009 2:08 pm Post subject: Getting on Mobile Home title

my mother has a mobile home that still has a mortgage payment that I have been making for the last 8-9 years...my mother is stage 4 cancer and will be going into hospice, cant refi or purchase because my credit score is 10 pts to low of what they need. what other options do I have as far as getting my name on title. the lender will not add me.

jameshogg · Posted: Wed Apr 08, 2009 8:58 pm Post subject:

Hi,

To Dee,

You can list your property in the market and check out if you can get buyers for the property. You can even take the help of an realtor in doing so. However, you should note that once you sell off the property, your mortgage will become due immediately and you'll have to pay it off.

Guest

my father bought a mobile home in a senior park about 7 months ago, he also owns a mobile home in clearlake that is completely paid for he only has to pay space rent. recently his companion of 12 years passed away and he can no longer afford the mortgate payment because some of her income went to help pay the mortgage. we moved him back to clearlake trailer and am unsure what we can do to get him out from under this mortgage. also, if he defaults on this mortgage will they take his bank accounts, savings accounts or cd's to help repay the defaulted mortgage?

Niicss · Posted: Mon Apr 27, 2009 1:39 am Post subject:

Hi annette

You can try to sell off the mobile home in California. However, if you sell off the property, then then lender will ask you to pay off the dues immediately. If the lender forecloses the property, then your father will have to pay the deficient amount resulting from the sale of the property. If he cannot pay the deficient amount, then the lender will garnish his savings account.

Thanks.

Guest

My husband and I own a double wide in a park. We are current on our payments (bi-weekly). I was laid off in January and he was three weeks ago. We have used our tax return and unemployment to pay our bills. We live in TN and can't find jobs. My husband has family out-of-state that have offered for us to live with them since we are not going to be able to pay our mortgage and eat too. We used to live there and his old employer offered him a job. We are told since we don't own the land, we cannot go through a mortgage company to sell. The payments come out of my account automatically. How can I stop the payments from being withdrawn so that I don't rack up bank fees? And do I just contact the mortgage company and tell them to take the house back?

Niicss · Posted: Thu Apr 30, 2009 2:03 am Post subject:

Hi onyapax

You will have to contact the lender and apply for a short sale. For this you will have to write a hardship letter and let the lender know about your hardship. The lender will judge your financial situation and then decide whether he would agree to the request or not. As far as automatic payments from the bank are concerned, you can speak to the bank authorities and try to block the account.

Thanks.

Guest

My mobile home was repossessed last year in '07 (Texas). Now I'm getting notices that after my former house was sold for 9K, I owe a deficiency of 25K and change. I had this house for 7 years, for a total of around 39K worth of payments, the house was sold for 9K = around 48K total. The sale price of the house was 36K, a bank profit of 12K.
Can they sue me for the 25K? I do not intend to pay any more since they had the house and sold it. So, if they can sue, what other recourse do I have to get this out of my life for good? Bankruptcy?

jameshogg · Posted: Thu Jun 04, 2009 1:23 am Post subject:

Hi Marlon,

The lender can sue you for the deficient amount resulting from the foreclosure of the property. If you do not pay it, the lender may even charge off the account. I would suggest you to to speak to your lender and check out if he can forgive the deficient amount or not.

Thanks

Guest

My job closed down and i got behind on my payments. I was in a Chapter 13. I was able to pay the Bankruptcy court all that was due to them, but it havent been discharge yet. Now the mortgage is declaring that im in default. what can i do? what is the next step for the mortgage company?

smithsussane · Posted: Sun Jun 07, 2009 10:34 pm Post subject:

Hi willie!

Welcome to forums!

You will only be discharged of the Chapter 13 bankruptcy, when you pay off the mortgage dues to the lender according to the new payment plan given by him. As you have defaulted the payments, the lender has the right to foreclose the property. You bankruptcy can also get dismissed in this process. In my opinion, it would be better if you could speak to your lender and check out if he can further reduce your payments or not.

Sussane

Guest

In 2003, had to abandon mobile home, with ForSale sign in window, after not being able to sell it in Texas. 4 months later, another family was living in it. The company sold it. In 2006, recieved a phone call that I owed $36,000.00 on interest off of $7,000.00 in taxes. I was never informed of this, never received or heard anything about this mobile home until 2006. Here it is 2009, now I have a collection lawyer for creditor's calling me. This just seems so wrong on how the company went about it, never informed me of anything until they had a $36,000.00 price tag. Can they do this?

Niicss · Posted: Mon Jun 29, 2009 3:24 am Post subject:

Hi LSwny

If you have not paid the taxes, the you would be responsible for paying it. As far as the interest is concerned, if the lender had foreclosed your property, then he can claim the deficient amount from you.

Thanks.

Guest

My mobile home recently got repossessed the land was not included in the note and I am wondering if the lender can legally sell the home from my property, they did and the people who bought the home destroyed structures (a porch that was not connected to the home and a fence that was not in the way) and stole items from the property.

smithsussane · Posted: Mon Jul 13, 2009 9:08 pm Post subject:

Hi johndeeretx!

Welcome to forums!

If the land was not included in the note, then the lender would not be able to sell off the land without your permission. If the new owners of the property destroyed the land, you can file a lawsuit against them. I would suggest you to contact a lawyer and discuss your options with him. He will be the right person to help you.

Sussane

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