Ask Experts Questions for FREE Help !
Ask
    Michelle Dotson's Avatar
    Michelle Dotson Posts: 2, Reputation: 1
    New Member
     
    #1

    Jun 1, 2006, 04:57 AM
    Repossesion of a Mobile home
    When can they take the home legally
    mr.yet's Avatar
    mr.yet Posts: 1,725, Reputation: 176
    Ultra Member
     
    #2

    Jun 1, 2006, 05:31 AM
    When you are in default on a loan, the creditor can then take you to court and get a judgment against you for the loan, they can ask for a writ of possession to reclaim the mobile home.

    Most state require that the process must be followed.

    If they call you on the phone most of the time they will try to threats to make you think they can do what ever they want, they cannot.

    You do have the right to cure the default before any action can be taken. The key is read your contract of the loan, if determines what they can and cannot do.
    bigg wack's Avatar
    bigg wack Posts: 1, Reputation: 1
    New Member
     
    #3

    Jun 2, 2006, 06:17 PM
    What rights doi have as a home owner? What is the repossesion process? What options do I have? If any? How can I get out of the defAULT?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #4

    Jun 2, 2006, 06:37 PM
    If this is in the US, many states treat a mobile home a lot like a car, because it has a title not a deed.

    In some places it will go the other way.

    In general they will get judgement against you for not making the payments on the mobile home. Once you are in default they will sue you in court and get a judgement. Once they have a judgement they will normally get a reprosession. In cases of mobile homes it is quite possible you would go to work one day and come home and the trailer is gone.


    To get out of default, you will have to pay all your late payments, interests and late fees.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Mobile home reposession [ 1 Answers ]

From PM:

Mobile Home Finacing [ 5 Answers ]

I am selling my mobile home and giving a loan to the new buyer. If he doesn’t make his payments, I want to know what document I need to start the Repossession process in California. I assume I give him a formal warning. Is that after 30 days? I find the information on the internet is for the...

Manufactured home default law before repossesion [ 7 Answers ]

I just have a question about the law that surrounds manufactured homes (mh). Our mh loan is due on the 1st, we are generally always late, usually paid on 12th or later. We never not pay, we pay. The company that our loan is through has a guy who is completely rude. He considers it 30 days late...

Mobile Home Tub [ 3 Answers ]

I'm reinstalling a garden tub in an early 80's mobile home. It has an above floor drain, and I'm a little confused as to how to hook it up. It is against a wall with no access to the drain from the rear or underneath. Any help would be appreciated. This is my first experience with plumbing a...

PVC PLumbing in mobile home [ 7 Answers ]

I have PVC water supply lines that screw right onto the faucets. I have to turn the house water supply off to change a washer is there a way to add a shut of valve? Can I simply cut the line and use a hose clamp to attach a shut off valve and then use braided metal hose to go up to faucet?


View more questions Search