Home arrow Mortgage Forums arrow Announcements Feedback and Our Pub arrow

repossession of mobile home

Author Message
Icon Mini Profile hairgirl46clips





Joined: 09 Feb 2011

Posts: 1

1.00 Dollars($)
Post Posted: Wed Feb 09, 2011 5:14 pm    Post subject: repossession of mobile home
Like 0
Dislike 0

Mobile home was repossessed Lender threatening to sue for mothers mobile home property the single wide mobile home was on, she was a co-signer. Property was put in my name after the mobile home was purchased. Can they take the park or just put a judgement on the park. Paid on the mobile home for 8 years and they sold it for 18,000 which is more than I paid for it when purchased so they actually have more than it was valued at when first purchased.
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10570
Location: ALASKA
1090.22 Dollars($)
Post Posted: Wed Feb 09, 2011 8:14 pm    Post subject:
Like 0
Dislike 0

Welcome hairgirl,

If the lender is unable to recover his dues, then he will file a lawsuit in the court and get a judgment to place a lien on your other properties.

_________________
Procrastination is the enemy of your financial success
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights

Bookmark this page

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators

     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (252)











We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.047 seconds.