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I don't believe anybody can sue if you are under bankruptcy.
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∙ 9y ago
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Do you include your mobile home when filing for bankruptcy?
You haven't said where this is. -That would very likely come under the bankruptcy laws of your province or state.
Can you buy a home after bankruptcy?
Yes, as soon as you reestablish your credit to the lender's satisfaction.
Can FHA turn you down for a new home purchase due to Home being surrender under a less than 2 year Chapter 7 bankruptcy?
First FHA doesn't make loans...it guarantees them to the lender. Your credit history is relevant to the underwritting of the loan to the lender.
You already have a fha loan on a mobil home but you want a house loan what do you do to get another loan?
Well this will depend on what kind of FHA program you are insured under for your mobile home. If it is a "Home Loan" under 203(b) program then only under certain circumstances will you be allowed another FHA. BUT if you received a "Dealer" kinda of loan under the FHA program for the mobile home it can be classified as "personal property".......possibly.... If there is land or real estate property involved in the loan then probably not. Only a FHA Lender (underwriter) will be able to determine based on a verification of mortgage or loan from your current mobile home lender.
If land is used as collateral for a mobile home purchase will the land be taken by the lender if the owner can't pay the mortgage?
Yes, unfortunately. The land will be on the deed of the property along with the mobile home, therefore, it will go to the lender.
What do you do when your home is being foreclosed upon?
Either attempt to renegotiate the terms of your mortgage with your lender or file for bankruptcy.
Do the same rules apply to the voluntary repo of a mobile home?
Basically. YES. You decide you cant pay, you tell the lender you are moving, you move out, lender sells home(not as quik as a car), lender wants balance due on the loan.
Do you have to pay full amount owed on repossess mobile home?
You can go to the lender and work out a deal.
What bankruptcy can you file to keep your home if you are behind in payments?
If you are behind in your payments and you declare bankruptcy usually you can remain in your home and continue payments. However the lender will most likely begin foreclosure since you can't afford it and you are at higher risk.
How to put sand under a mobile home?
Well, first you lift up the mobile home. Then, you put the sand under it.
Can you add your Mobile home lot rent to your bankruptcy?
Your rent, whether for a mobile home lot or anything else, is not a debt, but rather an ongoing monthly fee for your right to occupy that dwelling or structure. As such, it cannot be admitted to bankruptcy. If you can't pay the rent, then you can't stay!
What is the waiting period for purchasing a home after filing bankruptcy if a mortgage was included?
There is no specific waiting period. You can purchase a home as soon as you reestablish your credit to the satisfaction of any proposed lender.
