Posted on: 30th Jun, 2014 01:27 pm
I sold my mobile home(located in a park) in arizona. The bill of sale is very basic, only stating when the payments are due. Yet the people are late on the payments every month. What can I do to repossess the mobile home? Should I stop accepting the late checks and what paperwork would I send to them to let them know I intend to take back the mobile home?
Sorry but you have no legal right to take the home back - being late stinks - I am a landlrd I get it - however that is not enough to foreclose - especially since you have a simple bill of sale - without a contract that states late payments are a reason for repossession - now if they start missing payments all together you have a right to start the process - for mortgages it is 4 payments - not sure what AZ law is on a private note with no outlines terms??
Good Luck
Brian Barnes
ENG Lending
50 States Lending
Good Luck
Brian Barnes
ENG Lending
50 States Lending
All I know is that you can't have it back because it's too late for you unless you buy it back.
