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My investor who wants to repossess my home is constantly harassing me. But I am still current on my mortgage payments. If we don't pay an insurance payment and miss any property tax, they say that they will be taking our home. I am currently staying in a mobile home park. Can you tell me, if I apply to HUD will they help us pay off the loan and move into some other place?

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

We fell behind on our payment and can't get the money to bring it current. The mortgage company says they will "send it to the legal department Monday" There is no land attached to the loan. What type of time we will have to move once that happens? Thanks for your help

Like | Dislike | Share | Posted: Thu, 02/23/2012 - 16:44 | Post subject:

smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Soufanieh!

Welcome to forums!

Once the repossession is complete, you will receive an eviction notice from the lender. This notice will mention the time period within which you will have to leave the property.

Feel free to ask if you've further queries.

Sussane

Like | Dislike | Share | Posted: Fri, 02/24/2012 - 00:39 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

My husband lost his job in 2010 and hasn't been employed since. We were keeping up on our home payments until around four months ago. Now they are saying they will foreclose on us. How long do we have to find another place? Also, I read there are two types of contracts or deeds. One is where the lender has to take the buyer to court and the other one is where the lender doesn't have to.

Do you know anything about these different contracts?

By the way, the lenders wanted $1540 by March 1, which we could not come up with. So we already had a payment situation lined up. They refuse to work with us anymore. Mainly, I want to know how long we have to find other living arrangements. I'm a retired senior on a fixed income of, get this, $178 a month. Hubby is almost out of unemployment.

Like | Dislike | Share | Posted: Mon, 04/02/2012 - 14:47 | Post subject:

smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Clairetta!

Welcome to forums!

You will be able to stay in the property until the foreclosure sale is complete. After the foreclosure sale, you will receive an eviction notice from the lender which will mention the time period within which you will have to leave the property.

I guess you're speaking about judicial and non-judicial foreclosure.

Feel free to ask if you've further queries.

Sussane

Like | Dislike | Share | Posted: Tue, 04/03/2012 - 00:21 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Thank you, smithsussane. You really are up on this kind of information. I couldn't remember what those were called. I sure appreciate your help. It looks like they may be willing to work with us after all. I'll keep you apprised.

Like | Dislike | Share | Posted: Wed, 04/04/2012 - 11:07 | Post subject:

smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Clairetta... It's great to note that the information was helpful for you. Surely keep us posted on further developments! :)

Like | Dislike | Share | Posted: Wed, 04/04/2012 - 23:08 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

i got into a accident and have had 3 operations fell behind on my mobile and i have nothing an not going back to work...will theystill take me to court? and will they wouldnt take any offers or short sale..greentree is the worst to deal with......just not sure what to to being in this problem...thankyou for any info on what to do..

Like | Dislike | Share | Posted: Sun, 05/06/2012 - 20:28 | Post subject:

jerry's picture
jerry | Joined: October 17, 2005 03:24 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi brent,

If the lender does not receive the payments on time, he has the right to take you to the court in order to recover his dues. You can apply for a short sale or a [url=http://www.mortgagefit.com/deed-lieu.html]deed in lieu of foreclosure[/url] in order to get rid of the property. However, it will be the discretion of the lender as to whether or not he will consider your request.

Thanks,

Jerry

Like | Dislike | Share | Posted: Mon, 05/07/2012 - 01:09 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

my husband has been paying off a new mobile home that was purchased in 2007. (we are current and have never had a late payment)
My grandfather was supposed to be Co-signer for us so he could qualify for the mortgage.turns out they put my grandfather as owner and my husband as Co-signer. We don't know how that happened or if it even matters but we have been trying to sell this mobile home for a year and had no luck. We are considering walking away and letting the bank foreclose. we also pay lot rent with no signed lease. Which my grandfather has no ties with. We are wondering legally what will happen to my grandfather? Can They garnish his S.S. Or his pension? He also gets money from the VA.
What can the park do with the house if we walk away, with no signed lease? And can they do something to the home my grandfather has that he is paying his own mortgage on? Also is there a way my husband can claim bankruptcy then neither of them will be liable our would they both need to claim bankruptcy? We don't want them taking my grandfathers money. We understand that it will affect both of their credit scores for a long time(my husband has poor credit score currently my grandfather does not)but we need advice on the safest way to get out of this mobile home without anything getting garnished from my husbands salary or from my grandfathers accounts.
Thank you for your help

Like | Dislike | Share | Posted: Mon, 09/10/2012 - 21:11 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Also forgot to mention we live in NY state.

Like | Dislike | Share | Posted: Mon, 09/10/2012 - 21:21 | Post subject:

madelynndrws1's picture
madelynndrws1 | Joined: August 31, 2012 11:09 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Christy,

I think you and your husband can try and talk to the lender regarding the payment problems you are having. If possible, try to help your husband in improving his credit, so that he can get a refinancing done. This may help not only in lowering the interest rate, but also in removing the name of your grandfather from the mortgage. As for the SS or the VA, these cannot be garnished.

Like | Dislike | Share | Posted: Mon, 09/10/2012 - 22:18 | Post subject:

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Welcome chrysty,

Your husband can file a bankruptcy and get a discharge from the debts that he has in his name. But once he files bankruptcy and gets a discharge from it, he won't be able to buy a new house within the next 3-4 years.

Like | Dislike | Share | Posted: Wed, 09/12/2012 - 23:53 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

We are not having problems making payments, we are current and never missed one.we need a bigger house and are looking to rent. We have been working with a credit repair service for my husband for a while...what we do have problems with is medial bills from me being disabled.
My question is can my husband declare bankruptcy being he is the Co signer to relieve the debt from my grandfather and Husband or is that not possible?

Like | Dislike | Share | Posted: Tue, 09/11/2012 - 06:28 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

My mother-in-law has a mobile home in Texas and a house in New Hampshire. Her husband passed away this last year and she can no longer afford the payments. She owes way more than the mobile home is worth. If she allows the mobile home to be repossessed what happens?

Can they put a lien on her other house? What if she sells that house first can they go after the proceeds? Can they go after her SS money or her pension? If she has gifted money to anyone in the last year can they go after that person?

She does not care about her credit but she does need her retirement to survive.

Thanks,
Mary

Like | Dislike | Share | Posted: Tue, 01/16/2007 - 12:00 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Mary,

In case of mobile home foreclosures or repossession, the creditor will take it away and sell it in an auction. If the sale proceeds are less than what was owed then there are chances that lender will also sue for a deficiency judgment to recover the balance amount.

Like | Dislike | Share | Posted: Tue, 01/16/2007 - 12:50 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

[quote:2c5125e486]If she has gifted money to anyone in the last year can they go after that person?[/quote:2c5125e486]
For a deficiency judgment recovery they can not ask for money from a person your mother-in-law may have gifted anything last year. But can put a lien on the other house for the recovery of the balance dues.

Thanks
Henrietta Cole

Like | Dislike | Share | Posted: Tue, 01/16/2007 - 13:12 | Post subject:

Samantha's picture
Samantha | Joined: September 16, 2005 11:59 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Mary,

Welcome to the forum.

Once the mobile home is repossessed, the lender may ask for the deficiency or the difference between money he should get back and the sale proceeds on the mobile home. If your mother-in-law is unable to pay the deficiency, the lender can sue you for the deficiency judgment given by the court.

But even if she is unable to pay for the deficiency, I don't think the lender can put a lien on her other house. He can only do so if the other house is also kept as security along with the mobile home.

The lender cannot go after the sale proceeds of the first home. Neither can he go after the person to whom your mother-in-law has offered a gift. The lender will possibly not go after her social security income and pension plan accounts. Instead, the lender may sell the mobile home and get back the amount he has offered as loan.

Hope you will be benefitted from this information.

God bless you.

Samantha

Like | Dislike | Share | Posted: Wed, 01/17/2007 - 01:45 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Because I did not have a job, I fell way behind (3 months) on my mobile home mortgage. Now they are telling me that they will repossess today or tomorrow. However, now I have a job (starts today actually) and I figure I should be able to work out an arrangement to stay in my home. But the lender won't compromise. I have nowhere to go; no friends, no family available to take me in. Social Services cannot help because I have a dog. I gather that I have no rights and can be kicked out whenever the Sheriff's Department has the time to do so?

Like | Dislike | Share | Posted: Mon, 08/06/2007 - 11:31 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Gracelle,

Manufactured or mobile homes do not include any foreclosure protections like real property home mortgages. When borrowers default on such loans, the home can be repossessed by the lender and sell it at public auction.

What you can do is to talk with your lender and try to negotiate with him to give you some more time to pay off the loan. You can go for a written agreement stating that you'll be paying off the loan within a month or so. I hope he'll surely consider your request.

Like | Dislike | Share | Posted: Tue, 08/07/2007 - 05:53 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I am in a intrest only loan i have paid for 7 years and my pricipal never went down I did not know about this. and i am having a hard time refinancing what do i do???

Like | Dislike | Share | Posted: Thu, 11/15/2007 - 23:44 | Post subject:

jenkin7's picture
jenkin7 | Joined: June 4, 2007 11:02 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hello Marco,

How long is the interest only period for the mortgage? Is it 10 years?

Don't you have any equity in your home?

Have you spoken to your lender? What problem are you having?

I think you should be able to [url=http://www.mortgagefit.com/refinance.html]refinance[/url]. You may have to shop for some time for lenders.

There is another option. You may refinance with a 125% Equity Home Loan or a no-equity loan, if your credit is good. With such a loan you may borrow up to 125% of your home's value.

Like | Dislike | Share | Posted: Fri, 11/16/2007 - 05:04 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

If I let my mobile home repo do you know what all can happen. My land is not with it

Like | Dislike | Share | Posted: Wed, 12/12/2007 - 07:30 | Post subject:

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Welcome Mac,

In case of mobile home repossession, the property will be sold off at a public auction to recover the amount of debt you haven't paid off. But hey, why do you say so, is your mobile home being repossessed? Aren't you able to gather the funds? Please let me know in details so that I can give you the right suggestions.

Like | Dislike | Share | Posted: Wed, 12/12/2007 - 22:08 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I signed for a mobile home for my son 8 yrs ago. He now can't make the payments and I am now retired on a fixed income. He is in FL (in a trailer lot) and I am in SC. Remaining on loan is $37K and of course it is more than the home is worth. My credit rating is important to me but I cannot keep this loan current for my son now. Please give me some options for my situation. I tried For Sale but only can get $5K or so for it and I have rejected that offer. The payments are $587 for loan and $300 for lot rent. Almost my whole Social Security check.

Like | Dislike | Share | Posted: Wed, 03/26/2008 - 10:33 | Post subject:

larry2's picture
larry2 | Joined: June 27, 2007 02:50 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Margie,

There are actually quite a few options available for you. Like - you can ask your son to help you in making the mortgage payment. If it is not possible then you can think about refinancing and change the rate-terms if possible. Even if it is not possible then go for short sale and pay off the lender.

Feel free to ask if you have any further questions.

Best of luck,
Larry

Like | Dislike | Share | Posted: Wed, 03/26/2008 - 16:21 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Thanks for the info. Short-sale, if I can do this, can the lender forgive the remainder of the loan and charge it off as a loss to them and this may save my credit? Or at least a partial of the remainder of the loan?

Like | Dislike | Share | Posted: Fri, 03/28/2008 - 10:13 | Post subject:

Caron's picture
Caron | Joined: July 19, 2005 08:37 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

yes margie,

The lender can charge-off the unpaid deficiency or a part of it. But you will have to negotiate for that. However, a charge-off doesn't mean you don't owe the debt. The lender considers as if you won't be able to pay off the debt but you are not free from the obligation. Know more about charge-off .

good luck

Like | Dislike | Share | Posted: Mon, 03/31/2008 - 04:27 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

How many days do I have to move out of my home when they are going to repossess the home?

Like | Dislike | Share | Posted: Mon, 03/31/2008 - 15:57 | Post subject:

larry2's picture
larry2 | Joined: June 27, 2007 02:50 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Nix,

Welcome to the forum.

It will vary from one state to another. So can you please inform us in which state do you stay?

If you don't pay the lender will file you a default notice and within 15 to 30 days after the lender sends you the notice, he will set up auction.

Best of luck,
Larry.

Like | Dislike | Share | Posted: Tue, 04/01/2008 - 04:01 | Post subject:

blue's picture
blue | Joined: October 21, 2005 09:17 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi,

Welcome to Mortgagefit discussion board.

As far as I know, the lender gives you 90 days of time even after he sends you a default notice. Within this period if you do not take any action, the lender will set up auction within 15 to 30 days. But it varies from lender to lender.

Do let me know if you have any other questions.

Thanks
Blue

Like | Dislike | Share | Posted: Wed, 04/02/2008 - 04:52 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hello, we are behind two payments on our mobile home, which is the time my husband and I got separated and he moved out, my question is, since I dont have a job right know, I am looking for one, how long will it be for the finance company to repo my home? and what happens next, sincde I can't make the payments. I live in Texas.
Marissa

Like | Dislike | Share | Posted: Sat, 11/22/2008 - 21:46 | Post subject:

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi marissa!

I think the mortgage is in the name of your husband. Your husband has to pay the mortgage unless you are able to [url=http://www.mortgagefit.com/refinance.html]refinance[/url] it. If you or your husband do not pay the dues, the lender or the finance company will foreclose the property. This will badly affect your husband's credit as his name is in the mortgage. When a loan is 60 days past due, the lender will send you a letter notifying that foreclosure is the next step.

I think you should immediately contact your husband and ask him to pay the dues. You should also inform the lender about your present situation.

Thanks.

Like | Dislike | Share | Posted: Sun, 11/23/2008 - 22:13 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I live in Texas. My brother was not able to keep on paying his house, so we agreed to take it. The only thing I dont understand is that he says that the loan is for 15 years more, but when i check the principal balance it still remains $95,000 to be paid off. How can this be?

Like | Dislike | Share | Posted: Mon, 01/12/2009 - 10:07 | Post subject:

Niicss's picture
Niicss | Joined: October 3, 2005 11:54 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Flor

You can contact the lender and check with him. He will be able to help you understand the mortgage note. Your brother must have paid off some of the mortgage so the principal balance should not be so high.

Thanks.

Like | Dislike | Share | Posted: Tue, 01/13/2009 - 01:56 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I am thinking about giving my home back to the bank because I am a fulltime student and not working. I am current as of today, but know that I will not be able to pay for the mortgage, insurance, property tax and other miscellaneous bills for the entire year here in Texas. Just wondering how long this repossession will be on my credit report. My next home purchase will be CASH only!

Like | Dislike | Share | Posted: Wed, 01/14/2009 - 05:18 | Post subject:

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Ruby,

The lender will not take back the property from you. You will have to either apply for a short sale or a deed in lieu by writing a hardship letter. Lenders do not accept these if you are current on your payments.

If you go for a short sale, your credit will be lowered by 75-100 points but if you go for a deed in lieu, your credit score will drop by 250 points and it will remain on your credit for 4-5 years.

Like | Dislike | Share | Posted: Wed, 01/14/2009 - 22:43 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I put down $2000 cash and financed the remaining $8000.00 and Park depost $300. I live in michigan the park holds the lien and I had to fill for bankruptcy. How can I get a hard loan or any relief. I have paid %80 of loan. I need refinancing or something in between jobs

Like | Dislike | Share | Posted: Tue, 02/17/2009 - 09:57 | Post subject:

Niicss's picture
Niicss | Joined: October 3, 2005 11:54 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Kiehlman,

As far as I know, you will be able to refinance with a lien on your home. But you will have to pay off the lien in order to complete the whole process of refinance.

Thanks.

Like | Dislike | Share | Posted: Wed, 02/18/2009 - 02:16 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Where does Ohio take and sell the taxed foreclosed mobile homes and manufactured homes?

Like | Dislike | Share | Posted: Sun, 03/01/2009 - 06:09 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I guess you need to contact a real estate broker in order to know about the sale and purchase of the taxed foreclosed mobile homes.

Like | Dislike | Share | Posted: Sun, 03/01/2009 - 21:28 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

i financed single-wide (in my name and in my daughter's) with the land it sits on as down. my husband, whose income made payments, left. I'm ap-plying for disability but no hearing till fall. I have $0 income. daughter and her husband live in double-wide on same land. This d-w is my name only. daughter and her husband make payments on d-w (different loan company). what happens if foreclosure of single-wide? thanks so much.

Like | Dislike | Share | Posted: Wed, 03/04/2009 - 02:29 | Post subject:

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi cee-cee,

If there is a deficient amount resulting from the foreclosure sale of the single-wide and if you are unable to pay that to the lender, then he may place a lien on the double-wide.

Thanks

Like | Dislike | Share | Posted: Wed, 03/04/2009 - 22:48 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I have recentley lost my job, I am one month behind on my mortgage but have paid my insurance and ground rent. I would like to know how long I have before I have to vacate the premisis.

Like | Dislike | Share | Posted: Tue, 03/10/2009 - 08:30 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Have mobile for sale in park, rented land. Buyer wants me to carry, is foreclosure/repossession on moble home only in Oregon rough or what. They don't have title's any more, are registered with the Clerks office, thanks

Like | Dislike | Share | Posted: Wed, 03/11/2009 - 15:57 | Post subject:

smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi,

To dwade!

If your property goes into foreclosure, then after the foreclosure sale, you will get a 3-day notice period. Within these 3 days, you will have to leave the property. However, as you are only a month late, I would suggest you to contact the lender for a loan modification.

To Brenda,

If you are unable to pay off the mortgage dues to the lender, then the lender can definitely foreclose the property. It is similar in all the states.

Sussane

Like | Dislike | Share | Posted: Wed, 03/11/2009 - 22:28 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I live in mich. it has a anti-deficiency law. would that apply to the amount of the loan outstanding after the sell of the property. Can i writ off my losses on my income tax?

Like | Dislike | Share | Posted: Mon, 03/16/2009 - 15:31 | Post subject:

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi floyd,

As it's a anti deficiency state, the lender will not be able to sue you for the deficient amount resulting from the sale of the property. I did not understand what you wanted to mean by:
[quote:7c23a7109d]Can i writ off my losses on my income tax?[/quote:7c23a7109d]
Can you please explain?

Like | Dislike | Share | Posted: Mon, 03/16/2009 - 22:31 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Due to health issues, hospitalization then reduction in hours at work, we fell behind with our payments. We received a default notice and were able to make the requested payments. However, we are once again 1 month behind in our payment. The lender is threatening repossesion of the home could be done in a matter of days. Can they do that or do they have to provide a letter of default or repossesion?

Like | Dislike | Share | Posted: Thu, 03/19/2009 - 09:57 | Post subject:

smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi!

Welcome to forums!

To Anne,

If you do not make regular payments, the lender has the right to repossess the property. However, before that, the lender will have to provide you with a notice of default.

To Sissy,

If you had surrendered the property and it was to sold to someone else, then I don't think you'll be able to claim it. You can contact the DMV and get to know who presently owns the mobile home. [quote:5c9402223a]What effect would it have on my credit as far as what the mortgage company shows?[/quote:5c9402223a] I didn't understand what you wanted to say by this. Can you please explain?

Sussane

Like | Dislike | Share | Posted: Fri, 03/27/2009 - 20:47 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I appreciate all of the information I've read hear so far, and have a situation that I'm hoping you can give me some more information on.
In 2003, I was laid off and unable to make payments. The company I bought through wouldn't work anything out with me, threatened to come drive off with it, and wouldn't give me a date. I panicked (being young and not too savvy about these things), moved all that I could out and it was considered a voluntary surrender. It's still on my credit report, due to be off May 2009.
I've discovered that it is still in the park, but I have no idea who owes it, if anyone does currently.
I believe it was purchased at one point because the property tax ID has changed, but the taxes have not been paid for a couple of years.
My name is still listed in the records, although it is listed as 'Mobile Home Inventory'.
I suspect that it may have been bought, then abandoned and the people who own the park have claimed ownership, but it appears they aren't including it with their other properties to pay taxes on.
I live in TX and have heard that if I pay of the back property taxes along with the current year taxes, penalties and fees that I can legally reclaim it.
If this is correct, how would I go about securing the title?
Is there somewhere other than the tax appraisal office that would have the info on who owns it?
What effect would it have on my credit as far as what the mortgage company shows?

Thanks!

Like | Dislike | Share | Posted: Fri, 03/27/2009 - 13:40 | Post subject:

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