Posted on: 19th Jan, 2008 09:55 am
ive stated before that ive been late 5 times on my payments .i have a first and a second and my payment has peaked 700 above my initial payment also my taxes are not included in my payment so thats another 3-4 thousand a year. home loan 309- home value 289-. the area avg. is around 210. my other bills are starting to pill up. so i thought i should get out now and get on a ten year plan to buy again .my question is if i just give back to the bank can they come after me for any money later. if there are other options same question . i dont want to owe any or pay anymore money for this house. cant refi. due to value and credit 500. if i try to wait it out historically how lond does it take to regain a equity when your negative.
Thank God the mobile home could be sold! and you're out of it. but did you check your credit report after that. How much did it affect you? just curious to know just in case someday i fall into such situations.
Patrica...this just happened recently in our state. There was a mobile home company that was selling new homes with mold problems. The news around here did a special reprot on it and its victims. some people bought new mobile homes and only lived in them a few months before getting sick. they still had to pay the payment. The last thing I heard is that the company had to go in a repair the homes. they have never since updated. It really is a shame when you are not the one in the wrong and yet you have to pay. Hope you children are recovered being that some time has past.
My husband also had a car that repoed years back. We bought it second hand from a car lot with a 90 day warranty. Almost immmediately the transmission started to leak. We took it back and they couldn't find anything wrong with it. Next we placed a piece of cardboard under it while it was parked to prove it leaked. They kept it for a couple days said it was repaired well it wasn't. Took it to our own garage and found out the tranny was just doctored up enough to get it sold. We took the report on the car with the garages phone number back to the lot and they refused to fix it. We were just starting out and had very few funds. WE couldn't afford a lawyer to fight them, couldn't afford to pay to fix it...so we let it go back...haunted us until we just made payment arrangements with the bank to pay the huge amount laft over...They sold it dirt cheap...due to transmission problems..Imagine that.
My husband also had a car that repoed years back. We bought it second hand from a car lot with a 90 day warranty. Almost immmediately the transmission started to leak. We took it back and they couldn't find anything wrong with it. Next we placed a piece of cardboard under it while it was parked to prove it leaked. They kept it for a couple days said it was repaired well it wasn't. Took it to our own garage and found out the tranny was just doctored up enough to get it sold. We took the report on the car with the garages phone number back to the lot and they refused to fix it. We were just starting out and had very few funds. WE couldn't afford a lawyer to fight them, couldn't afford to pay to fix it...so we let it go back...haunted us until we just made payment arrangements with the bank to pay the huge amount laft over...They sold it dirt cheap...due to transmission problems..Imagine that.
I think that the car dealers that deal in used cars should have some type of liability here under the lemon law right? or is this just on new cars. I know you always take a chance on a used car and if you don't have the knowledge or the tools to work on them, you probably should not buy them, sorry you had to learn the hard way that they do not honor their end of the bargain fireyone. Glad it is all behind you.
Its done and over now. There was no lemon laws at the time so we were out of luck. I love how they have that thing now where you can check out the vehicles past..can not remember what its called..but I feel the dealership selling the used car should give you this report for free if yolu purchase a vehicle from them.
It is a vehix report, shows everything that the vehicle has been through, I think the dealerships should provide them on used vehicles too.
Someday we will be looking for a truck for hubby and I am gonna ask for one. I think if you are paying reasonable mon ey for a vehicle they shouldn't have a problem with this.
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