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Yes.
The home was repossessed because you failed to make payments you contracted to make.
Even though you no longer possess the home, the contract is still in force and must be satisfied unless the lender forgives it,
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∙ 13y ago
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Can you be sued if you let your mobile home be repossessed?
You can be sued by the finance company to recover any money still owed to them after they auction the repossessed mobile home.
What happens if your mobile home is repossessed voluntarily?
You may still end up owing a lot of money on it ,and you won't have it ! State laws vary on this - better to negotiate a settlement of some kind.
What can be done when the lien holder has repossessed your mobile home but has not removed it from your property?
CHARGE THEM STORAGE
How do you get a title on a repossessed mobile home?
You can in some US states. You have to look up the state you are in.
What are the mobile home repossession laws in Nevada?
In the state of Nevada, if you do not make payments on a car you are buying, it can be repossessed with no notice given to you. Once repossessed, you will still be liable for all further payments even if the car is sold at auction to another buyer.
What is the legal process by which a mobile home is repossessed?
That would depend on which province or state that you live in. -You haven't said.
Can the cabinets be removed before a mobile home is repossessed?
I very much doubt it. -Usually they would be considered an integral part of the home.
Funeral home liens on mobile home?
If you owe money, they can put a lien on your home. Even a mobile home.
How would one go about finding repo mobile homes to purchase?
Several years ago, I did just that to buy the home I now live in. I live near a city that has several mobile home dealerships, and it was just a matter of visiting and talking to several different dealerships, letting them know I was looking for a trade-in or repo. Understand that most of the homes you will be shown will be in terrible condition. Persevere and you will find the home(s) you are looking for. I did. When mobile homes are repossessed, the lender takes back possession of the home. Therefore, your local banks will have listings of mobile homes they have repossessed and are looking to sell quickly.
If your motor home is repossessed and you can't pay the difference what happens?
The motor home is sold and the money received from that is used to pay the difference. Any money left over will be returned t the owner.
How would you soundproof a mobile home?
Don't waste your money.
What happens if your mobile home is voluntarily repossessed and it is in a mobile home park?
The bank or current lien holder will take possession of the mobile home after the required steps of repossession takes place. The bank or current lien holder of the mobile home is responsible for paying the lot rent unless the mobile home is sold to a secondary party such as an investor. At this point, the lot rent follows the ownership of the mobile home. In most cases, the larger banks who specialize in mobile home financing will pay atleast a portion of the lot rent. It is very important to contact the park owner to verify the amount of park rent that is due. This is very negotiable especially if the new owner of the mobile home plans on leaving the mobile home in the park. Note: The park owner is a great prospect to sell this mobile home to.
