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View Full Version : Repossession of mobile home.


sisom76
Aug 26, 2008, 02:36 PM
In getting a mortgage I have come across a underwriter who is counting it as a foreclosure instead of a reposession on my mobile home. Is this legal? Mobile Home is titled not deeded.

twinkiedooter
Aug 26, 2008, 04:43 PM
You are correct, a mobile home has a title. Technically it was not a mortgage but a chattel loan. They need to rethink this.