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After the mobile home is repossessed they will try to sell it. You will be liable for the difference of what you owed less what they got for it. They can sue you for that amount and if they win a judgment against you they can place liens on property or your person, sieze bank accounts and garnish wages. Wages cannot be garnished in TX, PA, NC, or SC. No debt EVER just 'goes away' and its presence or absence from your credit reports does not alter attempts to collect a debt.
What else can I help you with?
What criteria does an insurance company consider when determining whether to total a mobile home?
An insurance company considers the cost of repairs compared to the value of the mobile home when determining whether to total it. If the cost of repairs exceeds a certain percentage of the home's value, typically around 70-80, the insurance company may decide to declare it a total loss.
Where can one find the best rates for mobile home mortgages?
It is very difficult to find lenders willing to finance loans on mobile homes. Yet, one can try local credit unions or one's local banks. However, rates may be high, like 10% to 12%.
Is EE a limited company?
Yes, EE Limited is a limited company. It operates as a subsidiary of BT Group plc and provides mobile network services in the UK. As a limited company, its liabilities are limited to the company's assets, protecting the personal assets of its shareholders.
What is Swissclear Global?
Swissclear Global is a Singapore-registered company established in 2008. It facilitates mobile airtime recharge.
What companies offer mobile home mortgage?
Most of the popular banks in Canada offer mobile home mortgage. The most popular company offering this is TD Canada Trust Bank. They have many mobile mortgage specialists that will travel to your home to give you the information that you require.
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.
How does a company calculate the finance charge on a mobile trailer?
i need to know how a calculation of finance charge was figured out. it is a original loan at 18,084 for 12 yrs at 5.75% interest.
Where can you finance a used mobile home?
Look for your LOCAL realtor who is the Mobile Home specialist. They will know about that.
If your mobile home is voluntarily repossessed can the finance company impose a judgment against your land even if the land is not a part of the finance package?
If they choose to file a lawsuit for monies owed and the suit is won, it might be possible for the plaintiff to execute the judgment as a lien against the property. State statutes regulate when liens can be placed upon real property. Without knowing the state of residency it is not possible to be more specific.
When was Mobile Company of America created?
Mobile Company of America was created in 1900.
What is the name of company and mobile that has launched latest android mobile?
Motorola is the company that has released the latest Android mobile phone.
Is t-mobile a public limited company?
No. T-Mobile is a Private limited company.
What is the best way to sell and finance an older mobile home that has an addition built on to it?
Many finance companies will finance the home but in the case of an addition it is best to leave it on the property its on
Why is a foreclosed mobile home still on the property?
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.
Is 3 Mobile the name of a cellular phone company?
3 Mobile is not the name of a cellular phone company. There is a cellular phone company by the name of T Mobile. T Mobile has a variety of phone and data plans.
When a bank is repossessing a mobile home does it still have to give a 3 day notice?
Laws on this vary by jurisdiction. Without knowing what jurisdiction you're referring to, this question cannot be accurately answered.
When was Mobile Telecommunication Company of Iran created?
Mobile Telecommunication Company of Iran was created in 1994.
