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Is Deed in leiu possible with mobile home ?

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pahoa1 Guest	Posted: Sat Oct 16, 2010 4:28 pm    Post subject: Is Deed in leiu possible with mobile home ? Like 0 Dislike 0 I have a mobile home in a park and I have a title for it. I have a mortgage with vanderbilt mortgage . I bought home in 2003 and tried to sell thought i had a seller in 2008 deal fell through .I bought another houst it and the money i get has never covered total costs 330 every month I pay out of pocket plus 840 a year insurance. My renter is moving in January so there is no way to make payments on 2 houses. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Sun Oct 17, 2010 10:22 pm    Post subject: Like 0 Dislike 0 Hi pahoa, A deed in lieu of foreclosure is possible with a mobile home. You should contact your lender and inform him about your financial situation and request for a deed in lieu of foreclosure. If the lender agrees to it, you'll be able to get rid of the property. _________________ Procrastination is the enemy of your financial success

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