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I need a little bit of help dealing with a mobile home foreclosure in Indiana. I am only 1 payment behind and know for certain that I can no longer afford to keep the home. I am filing for bankruptcy soon. I need to know if there is a policy or can they just come and lock me and my children out of the home. It is currently in a mobile home park.
Thanks

Niicss · Posted: Wed Sep 02, 2009 1:21 am Post subject:

If you are filing bankruptcy and if it's accepted by the court, then the court will issue an automatic stay on all your creditors. You creditors won't be able to sue you after that. Whether or not your property would be sold off to pay your creditors would be decided by the court.

Are you filing bankruptcy only due to the mortgage debts? Or do you have other unsecured debts as well? If it's the mortgage dues, then you can contact the lender and apply for a deed in lieu of foreclosure. This will help you in selling off the property and you won't be liable for the deficient amount.

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