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Can lenders foreclose on mobile homes?

Anonymous

∙ 12y ago

Updated: 9/20/2023

Yes, they certainly can. Best way to deal with this is to negotiate a settlement with them. You can often come to terms that stall foreclosure and maybe prevent it.

Wiki User

∙ 12y ago

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Related Questions

How can you find lenders for mobile homes?

Lenders for mobile homes are usually found through financial institutions. Check with a financial adviser at a bank, or at a mortgage specialist center.

Can i get a Loans on mobile homes parked in park?

Yes. There are lenders and brokers who work with manufactured and mobile homes in parks. Rates tend to be higher for homes in park/communities but it can be done.

What lenders will give a mortgage on a mobile home?

Many will. -Easiest way to find out is by a LOCAL realtor who deals in Mobile Homes.

How does Wells Fargo handle a default on mortgage?

Mortgage lenders foreclose when there is a default on a mortgage.

Can you get a loan on a mobile home that was built in 1972?

Most lenders and insurers are very reluctant to have anything to do with mobile homes built before 1975. -But keep looking, you may be lucky.

Can your mortgage lender sell you a home they own?

Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.

If you own two homes can you foreclose on one and the bank not take the new one your living in?

The bank will only take the home they foreclose.

What are the options available for mobile home refinancing?

The options available for mobile home refinancing include traditional mortgage lenders, specialized mobile home lenders, credit unions, and online lenders. Each option has its own requirements and terms for refinancing a mobile home.

Where can one purchase new mobile homes?

New mobile homes can be purchased online at most of the manufactures websites. This includes companies such as Clayton Homes, Expo Mobile Homes, and Skyline Homes.

Are mobile homes real property in Texas?

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