0
What happens if your mobile home is voluntarily repossessed in Texas and it is on property that you own seperately from the mobile home?
Wiki User
∙ 9y ago
"Voluntary repossession" basically means you're telling the lienholder "Come repossess this; I'll make it easy for you."
Since the lienholder has no interest in the property, that means they'll come take the mobile home itself (or you could take it to them), but the property itself won't be impacted except to the extent necessary to drive in a couple of tractors to haul away the mobile home.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What happens if the property you are renting becomes repossessed?
It depends on what the new owner plans to do with your unit. You can ask the current owner if he knows.
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 happens if a car was to be repossessed and it didn't happen?
You are lucky. If you cannot make the payments contact the lender and try and work something out. If not voluntarily turn the car in yourself. You will save yourself the repossession fees.
What happens to your credit if you voluntarily have your?
what happens if i voluntarily return my car to the bank due to job loss
What happens if you get your car repossessed?
if i get my car repossessed, can they put a llien on the house?
What happens in Texas if you voluntarily have your car repossessed and money is still owed after the car has been sold at an auction?
Chris, I dont know the answer to the question YET. I will find out today. Email me latyer on and Ill have it for you. What does the lender "say" they will do???
When a car gets repossessed can they keep the personal property that was in the car?
If you take your personal property before the vehicle is picked up, you can keep it. If you voluntarily turn in the vehicle you get to keep anything you want. If they have to hunt it down and tow it off, you're just out of luck. They'll throw away anything that was in it and if someone picks it up, it's theirs.This is not true.. The creditor must account for all personal belongings found in a repossessed car.. The below answer came from the following site... http://www.fair-debt-collection.com/searches/repossession.html"What happens to personal property left in my car?Personal property does not apply to improvements made to the car, such as a CD Player, stereo or luggage rack. It only applies to items not connected to the vehicle. The creditor or whoever repossessed the car CANNOT keep or sell any personal property found inside. If the creditor or whoever repossessed the car cannot account for personal property left in the vehicle, you may be entitled to compensation and should consult with an attorney"
What happens after court proceedings have been filed in Florida if you have little or no income and had the vehicle voluntarily repossessed?
You NEED to show up with proof of your little to no income. This is your chance to convince the lender that the chances of repayment are slim to none. If you dont show, they get a default judgement.
What happens if a police officer's house is repossessed?
then theyre out of a home
What happens to title loan cars when they are repossessed?
They are sent to an auction and sold.
What happens if your mobile home is voluntarily repossessed and it is not in a mobile home park but not your land either?
Whoever owns it or has re-possessed it would be legally bound to pay rent to the landowner, or to remove it to other property. If you have not yet gone into voluntary re-possession, this may be a point in your favour. The lender doesn't want to have a total liability on his hands. -This means a re-negotiation of the loan terms could be made, and could possibly result in you keeping it.
What happens when a car is repossessed and you are the cosigner?
You will also be liable for any deficiency balance
