Ask Experts Questions for FREE Help !
Ask
    JAMAMAMAID18's Avatar
    JAMAMAMAID18 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 9, 2009, 10:31 AM
    Surrending our mobile home
    My husbanb is working for one of the big 3. I was working for farmerjacks which went out of business. Through the years we have aghasted all our resources. Our son has been in residential homes,etc... That has costed us a fortune! Anyhow,we live in a mobile home park that we pay over $500/mo.plus our mortgage. Well, we are behind on our bills. We could easily buy a house or condo and pay a lot less that we are there. But ,is there anyway
    We can surrender without paying anything and not getting bad credit??
    We don't want to bankrupt again(had to in 1991) my husanb lost his job! Please if you have any advice would be greatly appreciated
    twinkiedooter's Avatar
    twinkiedooter Posts: 12,172, Reputation: 1054
    Uber Member
    		  
    #2

    Feb 12, 2009, 07:58 PM

    Have you tried to sell the home? And most lenders don't just take back a home without having to penalize the owner with paying something.

    You might try selling the home for how much you still owe on it. Depends where it is also. Now there are not many used mobile homes on the market. People are actively looking for cheap housing. If you can somehow make your home attractive to someone with a "deal" of some kind, possibly you could sell it and get out from under it - but you would probably not make any profit depending on how much you owe on it to pay it off.
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!

Conversion of mobile home to single family home [ 5 Answers ]

In 1995, we bought some land & moved a salvaged mobile home on it. The mobile wasn't permanent meaning we only needed to live in it until we could build our house. We first added onto the mobile a 12x60 section. We then began to tear down the mobile home & eventually added a front section. The...

Mobile home a/c [ 2 Answers ]

Changed a 4 ton to a 5 ton unit in a mobile home uped duct size 12 to a 14 feeding other side of moblie home . It is freezing up what could be going wrong

Cat under Mobile Home [ 4 Answers ]

There is a cat under our mobile home. We had new skirting put on and somehow she got under there. We can not leave it open or other animals will go under the mobile. What to do to get it out. HELP!

Garden Tub Faucet - Home of Legend mobile home [ 2 Answers ]

Hello, My sister has a leaky garden tub faucet. We can't determine how to access under the faucet. There is no access door. A closet is behind the faucet. When we remove the wallboard, we find the distance from the opening to the faucet too far away to access. Can you help? Thanks, Mary

View more questions Search