 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
No, its up to the company doing the repo. But why are you willing to do this? A repo does NOT change your obligation to pay the financing. The lender is going to auction off the mobile home for whatever they can get then come after you for the diferrence.
|
||||
|
||||
|
Yes please remember after they take it, they will sell it as is normally at auction. For example a trailer worth 10,000 may only bring 4000 at a repo sale.
They add on to this the cost of the repo, ( moving it and legal work) next they add cost of the sale (advertising, auctioneer) from that they take out what is paid on the home. I have seen many where the people owed more money after the mobile home was sold than was owed before it was repo'ed. |
||||
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
I lease the land that occupies my 2004 Fleetwood Mobile Home. I recently learned that the Mobile Home Community Park Owner is selling the land/park to a Realestate Land Developer within the next 12 months.At that time, we'll need to evacuate the park and find another place to move our homes. It...
My faher sold a property in Washington States as is and the buyer gave him a down payment with the agreement that the buyer would pay off the property with in 3 months. At this point the buyer has possession of the property and has not paid anything else on the property. What are the steps to...
My husbands parents, own a mobile home. Last year, his mother, was in the hospital for one month, for heart failure and respitory failure. She was also in a coma. His father is on social security and can no longer pay for the mobile home. They are currently 3 months behind of the payments. The...
From PM:
View more questions Search
|
