Can they repossess a manufactured home?

North Carolina foreclosure

This is an actual comment for a client:

”I am not working at this time. I left my job due to illness and tried to go back upon recovery, but was forced to find a lesser paying job that I will not began until March 26,2007. My wife is working and has been for a little over a year, but could not afford to make the payments. Our home which is a manufactured double-wide 80' on a brick foundation is in my name and my brother’s name. I would like to get the home in my name and my wife’s name and get the payments lowered. My credit is not good, but really what looks bad was for good purpose. We tried to eliminate some of our more expensive bills to be able to afford our home, partly because we have family, but none that we can live with, but before we could get started we had lost out to this. Our first hearing is on Feb. 28. and from there I don't know where we will go. Please can you help? ”

This is a very tricky situation because the loan is not in your name. The mortgage company will not work with you unless you are on the mortgage. We will have to have your brother sign the paperwork to allow us to negotiate with the Litton. Once we have that authorization we can go to them and arrange a settlement to allow you to begin to make your payments again.

This brings up another important point. A lot of people don't know understand how a foreclosure works on a manufactured home. If the home mortgage is tied to the land then the normal foreclosure will take place. If the home is not tied to the land then there will be no foreclosure and they can repossess the home similarly to an automobile. If this is the case in your situation there is no negotiations do can be done and they can't come one day and repossess the home from you. Please call us if you have any questions and we will do our best to answer them for you.