[sjwells1978]

Can a financial company make a repo of your home if you are making an effort to catch up your past due payments

[RichardBondMan]

Repo (short for repossess) usually applies to cars, tvs, etc i.e. things are movable and not permanently affixed to land such as a house. In the case of a house (not a mobile home), similar events are called "foreclosure). But both "repossess" and "forceclosure" mean the lender has not been paid generally and the lender wans to take ownership which means the buyer loses rights to the property whether it be a car or a home. I think the lender, whatever type of property is involved in your case, can start foreclosure or repossession actions, if you are past due. The lender must comply with both the contract they have you and the laws whatever those laws might be. But yes, just because you are making an effort does not protect you.

[Fr_Chuck]

If the home is a mobile home or trailer where there is a title, yes they can repossess if there is a late amount not paid.

If this is a house, they will foreclose and yes if there is a outstanding amount due, they can ask the court to allow it.

[isxrc]

Yes they can repossess your home if you have not made all payments as per their agreement. The lender will require an order from the court first and if you have been making attempts to clear the arrears, the order will not be granted easily. With the current economic situation, courts are less likely to allow property repossession to occur.

[Help is Here]

Yes, they can. In fact, if you are only making partial payments, sooner or later they are going to send your check back to you with a letter stating that you need to pay the entire arrears by a certain date in order to avoid foreclosure.