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What happens if the bank takes my park model for nonpayments

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Icon Mini Profile lainok





Joined: 26 Oct 2009

Posts: 1

1.24 Dollars($)
Post Posted: Mon Oct 26, 2009 11:25 am    Post subject: What happens if the bank takes my park model for nonpayments
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I have a park model in Maine but live in Mass if i cant make the payments what happens?
Icon Mini Profile jenkin7
jenkin7




Joined: 04 Jun 2007

Posts: 4537
Location: Hawaii
728.43 Dollars($)
Post Posted: Tue Oct 27, 2009 3:03 am    Post subject:
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Hi lainok,

If you do not make payments, the bank can repossess your park model home. They will repossess and sell it to recover their outstanding balance on the loan.
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