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There are many reasons why a foreclosed mobile home might not be immediately removed from its location. Often this is pending a resale. If you do not want a home to remain on your property after losing it to foreclosure, you will have to legally notify the repossessing owner to remove it.
What else can I help you with?
Do you still need to pay property taxes if home is foreclosed?
yes....
In Texas can a mobile home and land be foreclosed on if the mobile home is missing or stolen?
yes...
What happens to the owner of a mobile home during a foreclosure?
Real property is not actually owned until the property is paid for in full. A buyer of a mobile home loses all ownership rights to the property when it is foreclosed on. A resident/buyer loses ownership rights to the property and will have to vacate the premises within the length of time specified in the foreclosure action.
Who satisfies liens on foreclosed property?
The person responsible for the liens must satisfy the liens. When a home is foreclosed on, the liens are removed before the next buyer purchases the home.
Does a mobile home landlord have the right to personal property when mobile home is sold?
The mobile home owner has a right to personal property, NOT the landlord.
Can you move into a foreclosed home legally?
Yes, if you rent it or buy it from the bank....Hopefully your not thinking about the game some people are regarding squatting in the property and the laws about having you removed from this type of situation. It's not worth it.
How long can you stay on your property if your home has been foreclosed in the state of Tennessee?
Till the cops evict you.
My mobile home is on some else's land If that land is foreclosed on does my home become part of the foreclosure?
Not unless the mobile home was part of the collateral offered for the loan that is in default or. For example, if the lender gave money to a borrower and secured a lien against land, then you placed the mobile home on the property, the mobile home is your property and was not part of the defaulted loan. You will be required to vacate the land, but should be able to take the mobile home assuming it belongs to you. Generally, true mobile homes are not real estate, they are personal property. A mobile home can become real estate if it is built after the 1970s, has a HUD sticker, is on a foundation and the owner pays property taxes. If this occured and was owned by person who defaulted on the loan, it might be part of defaulted loan. There may be a trustee of record for the foreclosure, if you are unsure about your rights you may contact them or an attorney for information
How do I know if I'm getting a fair price for a foreclosed home?
In order to determine whether or not the pricing of a foreclosed home is fair, you may want to consult a property lawyer. They will be able to find out how much the home is really worth.
Can you still stay in a foreclosed home?
Foreclosure doesn't happen immediately. Once you receive notice of foreclosure you will normally have a timeframe when you must vacate the property. If you do not vacate, then the bank/company/person who is seizing the property can have the authorites force you off the property- with or without your belongings.
Are mobile homes personal property?
A mobile home may be a personal property but this is not obligatory.
Can you replace fixtures in a foreclosed home?
You can take all your personal property. You cannot take anything that is attached to the home such as built in appliances.
