i have a mobile home in a park, which i have a mortgage on, i stilll owe $19,000 on it, the park owner gave every one 90 days to vacate the park or everything will be property of the park owner. it is going to cost me around $10,000 to move it , and there isn't any where i can move it to, there are 90 families that have no where to go that live in this park. it really is sad. i have talked to my bank they said they will not accept a short pay off, i even told them i will still make the payments on the home but i was going to abandon the trailer and let the park owner take care of moving it or tearing it down. they told me the park owner can not tear down the trailer because there is a lein against it, what will he do if i leave it there? what do i do?? i want to save my credit
2007-06-20 05:29:36 · 4 answers · asked by alley 1 in Business & Finance ➔ Renting & Real Estate
Contact an attorney. If you lease the property, the property should be sold with the lease still in effect. If you rent the property, then it is a different story. Most places make you sign a year-to-year lease, so unless the lease is due to expire I would think you are covered. Since there are 90 families in the same situation, an attorney might be willing to help you (some class action kind of thing) and you might talk to the local housing authority to see if there is anything they can suggest.
I doubt you could get an injunction unless there is something illegal in the sale. But again, I bet you and your neighbors are under a lease, in which case you should be protected. An attorney and your lease documents would be able to let you know for sure.
2007-06-20 05:42:50 · answer #1 · answered by Dawn J 4 · 1⤊ 0⤋
This bites. Technically, the mobile home is your property, even if you leave it on his property, and you are responsible for paying your debt on it. You can move it to another park or sell it. If you leave it there, the park owner can't legally take possession of it without assuming responsibility for it, but you're still required to pay the debt on it, so you're both screwed.
Sorry, I don't really have any good suggestions except to talk the bank and the loan officer again, and ask them what your options are for ending your mortgage on this unit. Also, checking with the Housing Department for your city/county and see if they can suggest anything - there may be a loophole that allows you to unload the property.
2007-06-20 06:44:55 · answer #2 · answered by teresathegreat 7 · 0⤊ 0⤋
You -- and the other 90 affected families -- need an attorney. Pronto!
2007-06-20 05:32:37 · answer #3 · answered by Bostonian In MO 7 · 4⤊ 0⤋
Can you say class action law suit?
2007-06-20 13:53:35 · answer #4 · answered by frankie b 5 · 0⤊ 0⤋