Anonymous
Posted on: 02nd Jan, 2006 02:11 am
My investor who wants to repossess my home is constantly harassing me. But I am still current on my mortgage payments. If we don't pay an insurance payment and miss any property tax, they say that they will be taking our home. I am currently staying in a mobile home park. Can you tell me, if I apply to HUD will they help us pay off the loan and move into some other place?
i financed single-wide (in my name and in my daughter's) with the land it sits on as down. my husband, whose income made payments, left. I'm ap-plying for disability but no hearing till fall. I have $0 income. daughter and her husband live in double-wide on same land. This d-w is my name only. daughter and her husband make payments on d-w (different loan company). what happens if foreclosure of single-wide? thanks so much.
Hi cee-cee,
If there is a deficient amount resulting from the foreclosure sale of the single-wide and if you are unable to pay that to the lender, then he may place a lien on the double-wide.
Thanks
If there is a deficient amount resulting from the foreclosure sale of the single-wide and if you are unable to pay that to the lender, then he may place a lien on the double-wide.
Thanks
I have recentley lost my job, I am one month behind on my mortgage but have paid my insurance and ground rent. I would like to know how long I have before I have to vacate the premisis.
Have mobile for sale in park, rented land. Buyer wants me to carry, is foreclosure/repossession on moble home only in Oregon rough or what. They don't have title's any more, are registered with the Clerks office, thanks
Hi,
To dwade!
If your property goes into foreclosure, then after the foreclosure sale, you will get a 3-day notice period. Within these 3 days, you will have to leave the property. However, as you are only a month late, I would suggest you to contact the lender for a loan modification.
To Brenda,
If you are unable to pay off the mortgage dues to the lender, then the lender can definitely foreclose the property. It is similar in all the states.
Sussane
To dwade!
If your property goes into foreclosure, then after the foreclosure sale, you will get a 3-day notice period. Within these 3 days, you will have to leave the property. However, as you are only a month late, I would suggest you to contact the lender for a loan modification.
To Brenda,
If you are unable to pay off the mortgage dues to the lender, then the lender can definitely foreclose the property. It is similar in all the states.
Sussane
I live in mich. it has a anti-deficiency law. would that apply to the amount of the loan outstanding after the sell of the property. Can i writ off my losses on my income tax?
Hi floyd,
As it's a anti deficiency state, the lender will not be able to sue you for the deficient amount resulting from the sale of the property. I did not understand what you wanted to mean by:
"Can i writ off my losses on my income tax?"
Can you please explain?
As it's a anti deficiency state, the lender will not be able to sue you for the deficient amount resulting from the sale of the property. I did not understand what you wanted to mean by:
"Can i writ off my losses on my income tax?"
Can you please explain?
Due to health issues, hospitalization then reduction in hours at work, we fell behind with our payments. We received a default notice and were able to make the requested payments. However, we are once again 1 month behind in our payment. The lender is threatening repossesion of the home could be done in a matter of days. Can they do that or do they have to provide a letter of default or repossesion?
I appreciate all of the information I've read hear so far, and have a situation that I'm hoping you can give me some more information on.
In 2003, I was laid off and unable to make payments. The company I bought through wouldn't work anything out with me, threatened to come drive off with it, and wouldn't give me a date. I panicked (being young and not too savvy about these things), moved all that I could out and it was considered a voluntary surrender. It's still on my credit report, due to be off May 2009.
I've discovered that it is still in the park, but I have no idea who owes it, if anyone does currently.
I believe it was purchased at one point because the property tax ID has changed, but the taxes have not been paid for a couple of years.
My name is still listed in the records, although it is listed as 'Mobile Home Inventory'.
I suspect that it may have been bought, then abandoned and the people who own the park have claimed ownership, but it appears they aren't including it with their other properties to pay taxes on.
I live in TX and have heard that if I pay of the back property taxes along with the current year taxes, penalties and fees that I can legally reclaim it.
If this is correct, how would I go about securing the title?
Is there somewhere other than the tax appraisal office that would have the info on who owns it?
What effect would it have on my credit as far as what the mortgage company shows?
Thanks!
In 2003, I was laid off and unable to make payments. The company I bought through wouldn't work anything out with me, threatened to come drive off with it, and wouldn't give me a date. I panicked (being young and not too savvy about these things), moved all that I could out and it was considered a voluntary surrender. It's still on my credit report, due to be off May 2009.
I've discovered that it is still in the park, but I have no idea who owes it, if anyone does currently.
I believe it was purchased at one point because the property tax ID has changed, but the taxes have not been paid for a couple of years.
My name is still listed in the records, although it is listed as 'Mobile Home Inventory'.
I suspect that it may have been bought, then abandoned and the people who own the park have claimed ownership, but it appears they aren't including it with their other properties to pay taxes on.
I live in TX and have heard that if I pay of the back property taxes along with the current year taxes, penalties and fees that I can legally reclaim it.
If this is correct, how would I go about securing the title?
Is there somewhere other than the tax appraisal office that would have the info on who owns it?
What effect would it have on my credit as far as what the mortgage company shows?
Thanks!
Hi!
Welcome to forums!
To Anne,
If you do not make regular payments, the lender has the right to repossess the property. However, before that, the lender will have to provide you with a notice of default.
To Sissy,
If you had surrendered the property and it was to sold to someone else, then I don't think you'll be able to claim it. You can contact the DMV and get to know who presently owns the mobile home. "What effect would it have on my credit as far as what the mortgage company shows?" I didn't understand what you wanted to say by this. Can you please explain?
Sussane
Welcome to forums!
To Anne,
If you do not make regular payments, the lender has the right to repossess the property. However, before that, the lender will have to provide you with a notice of default.
To Sissy,
If you had surrendered the property and it was to sold to someone else, then I don't think you'll be able to claim it. You can contact the DMV and get to know who presently owns the mobile home. "What effect would it have on my credit as far as what the mortgage company shows?" I didn't understand what you wanted to say by this. Can you please explain?
Sussane
I am considering buying a new solitaire home, and want to know the best option for loans, I have purchased land to put the home and am making payments on the land for now, what is the best loan situation for me
Welcome gravel,
Getting a loan depends upon your credit score, employment history and general financial situation. I would suggest you to speak to some of the lenders and get an idea about the rates and terms of mortgage. This will also give you an idea whether you'll be able to afford the loan or not.
You can also speak to the lenders of this community and seek a no obligation free mortgage consultation from them. This consultation will also let you know about the rates and terms you will get when you apply for the loan.
Getting a loan depends upon your credit score, employment history and general financial situation. I would suggest you to speak to some of the lenders and get an idea about the rates and terms of mortgage. This will also give you an idea whether you'll be able to afford the loan or not.
You can also speak to the lenders of this community and seek a no obligation free mortgage consultation from them. This consultation will also let you know about the rates and terms you will get when you apply for the loan.
Hi there,
My husband and I and our two boys live in a manufactured home community and we would like to move out into a bigger home with a yard this year. How can we get out of our home and the land situation? Do we sell it back to our bank?Would the left over balance of our home be tact on to the home we will buy? We would like to get it out of our names clean and clear without having to sell it to someone else? Can you give us steps on making the process easy. Thanks
My husband and I and our two boys live in a manufactured home community and we would like to move out into a bigger home with a yard this year. How can we get out of our home and the land situation? Do we sell it back to our bank?Would the left over balance of our home be tact on to the home we will buy? We would like to get it out of our names clean and clear without having to sell it to someone else? Can you give us steps on making the process easy. Thanks
my mother has a mobile home that still has a mortgage payment that I have been making for the last 8-9 years...my mother is stage 4 cancer and will be going into hospice, cant refi or purchase because my credit score is 10 pts to low of what they need. what other options do I have as far as getting my name on title. the lender will not add me.
Hi,
To Dee,
You can list your property in the market and check out if you can get buyers for the property. You can even take the help of an realtor in doing so. However, you should note that once you sell off the property, your mortgage will become due immediately and you'll have to pay it off. "We would like to get it out of our names clean and clear without having to sell it to someone else? " If you do not sell off the property, then you'll have to pay off the mortgage and get a free and clear title for the property.
To Guest,
You can try to improve your credit score first. Once your credit score improves, you can transfer the title in your name and refinance the loan. To know more about improving credit score, check out the following link:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Thanks
To Dee,
You can list your property in the market and check out if you can get buyers for the property. You can even take the help of an realtor in doing so. However, you should note that once you sell off the property, your mortgage will become due immediately and you'll have to pay it off. "We would like to get it out of our names clean and clear without having to sell it to someone else? " If you do not sell off the property, then you'll have to pay off the mortgage and get a free and clear title for the property.
To Guest,
You can try to improve your credit score first. Once your credit score improves, you can transfer the title in your name and refinance the loan. To know more about improving credit score, check out the following link:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Thanks