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    dixie96's Avatar
    dixie96 Posts: 1, Reputation: 1
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    #1

    Jun 3, 2012, 12:24 PM
    If I default on my loan, how long does it take for a repo on my mobile home?
    How long does it take for the bank to kick us out if I default on my loan? I have a mobile home on leased land, mobile home park. I also owe $5,000.00 for space rent and utilities.
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
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    #2

    Jun 3, 2012, 12:33 PM
    Quote Originally Posted by dixie96 View Post
    How long does it take for the bank to kick us out if I default on my loan? I have a mobile home on leased land, mobile home park. I also owe $5,000.00 for space rent and utilities.
    Depends... a little or a lot. The trailer park can toss you out for non-payment the fastest. As little as 30 days depending on what state this is.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Jun 3, 2012, 12:33 PM
    They may do it in anytime you are in default. Often they will try to work with you over two or three months.
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