Download our Free BrochureHow to avoid Foreclosure
Do you want to save your home?
We specialize in out-of-court resolutions of Mortgage Foreclosures by negotiating with your lender. Let our expertise help you save your home. We can give you the Foreclosure help you need.
-
Stop Foreclosure News
Please call our Toll Free number
1-866-544-0990 or fill out our FREE QUESTIONNAIRE and we will respond to you promptly
|
|
|
|
|
 |
 |
|
|
|
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.
Related Entries
- I have managed to avoid foreclosure once but I am still in trouble - February 20, 2008
- Loan Modification with Litton - June 16, 2010
Comments
Due to unforeseen circumstances I have fallen behind on payments.
However, I did just pay $500, which is a amount over the normal monthly payment.
I was told by the morgage company that they were keeping my $500 and still foreclosing.
Can they do this? I have a small child and a handicapped Mother.
home in a park. She died. I have been making the payments. I am behind
2 months. They have been OK with this until now. Last month they threatened me with eviction because my name is not on loan. Loan is still in my Mother's name.
How long does this "eviction" process take if I don't pay them this month? Please , someone who knows answer me. Thanks.
Post a Question or Comment
Search The AFS Blog
IMPORTANT NOTICE: American Foreclosure Specialists (AFS) and our services are not approved by the government or your lender. www.afscanhelp.com is not associated with the government, nor is it a government sponsored website. To access information on government sponsored assistance, please visit makinghomeaffordable.gov. You need to know that even if you accept our offer and use our service, your lender may not agree to change your loan. Also, if you stop paying your mortgage, you could lose your home and damage your credit rating. Work Out and Loan Modification Plans vary and are dependent upon mortgage company criteria and financial information gathered as part of the efforts AFS provides. The information and notices contained on this website are intended as general research and information and are expressly not intended, and should not be regarded, as financial or legal advice. We attempt to ensure that the material contained on the website is accurate and complete at the date first published, however you should recognize that information contained on this website may become out of date over time. Readers who have particular questions regarding real estate law, finance, or who believe they require legal counsel, should seek the advice of a financial advisor or an attorney. AFS is neither a bank nor an attorney company. By submitting this contact request, you are consenting to be contacted by foreclosure specialists by telephone and/or email, even if you have previously listed yourself on any state or federal Do-Not-Call List.
How can i get this note out of our name and into his?