Abandoning Mobile Home
have to abandon mobile home due to poor park conditions..what legal rights due I have to do this and what happens now will the dealer just take the mobile back?
Please reply..
have to abandon mobile home due to poor park conditions..what legal rights due I have to do this and what happens now will the dealer just take the mobile back?
Please reply..
Sounds to me like you have this unit financed. If so, the dealer will do absolutely nothing, unless he is lien holder. More than likely you have it financed by a bank or finance company. If you abandon the property they will eventually repossess it and sell it at auction. Lets say that you owe $30,000 on the mobile home and it is sold at auction for $15,000.00. You will be sued for the deficiency amount and be required to pay it. You will also be liable for all expenses including repossession fees, storage fees, court and legal fees and auction fees not too mention the unpaid park fees. Remember that a repossession stays on your credit for 7 years.
If the reason you are abandoning the property is poor park conditions, why not just move the unit to another park?
Repoman
gridiron86,
RepoMan gave you 100% correct information...
Save yourself tons pain and lots of money!
....MOVE YOUR MOBILE HOME any way you can..
....as always,
GoodInvesting, Rocky
Where is the MH located?
Where is the MH located?
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