Mobile Home Repossession

[afreas]

The mobile home is in Oklahoma and I live in Texas. I am considering letting my mobile home go back to the mortgage company. I know I owe more than it is worth. How will they make me pay the difference? Will they require it all at once or will they let me pay it out. I guess what I am wondering is: will I be paying more than I am now for the actual payment?

[seniorjudge]

Q: How will they make me pay the difference?

A: They will get a judgment against you in Oklahoma, carry it down to Texas and get it registered/domesticated there, and then latch onto whatever property you have in Texas (e.g., money, paycheck, land, whatever). Your credit will also be ruined.

[HomeGuru]

[quote=seniorjudge]Q: How will they make me pay the difference?

A: They will get a judgment against you in Oklahoma, carry it down to Texas and get it registered/domesticated there, and then latch onto whatever property you have in Texas (e.g., money, paycheck, land, whatever). Your credit will also be ruined.[/QUOTE


**A: or they will hunt you down, take you to the middle of the desert and
tie you up with wet leather straps. Then leave you for the vultures.

[BelizeBreeze]

Originally Posted by HomeGuru

**A: or they will hunt you down, take you to the middle of the desert and
tie you up with wet leather straps. Then leave you for the vultures.

THEN They will get a judgment against you in Oklahoma, carry it down to Texas and get it registered/domesticated there, and then latch onto whatever property you have in Texas (e.g., money, paycheck, land, whatever). Your credit will also be ruined.

[HomeGuru]

BelizeBreeze, I corrected your posting;
THEN They will get a judgment against your estate in Oklahoma, carry it down to Texas and get it registered/domesticated there, and then latch onto whatever property you have in Texas (e.g., money, land, whatever).

[BelizeBreeze]

Originally Posted by HomeGuru

BelizeBreeze, I corrected your posting;
THEN They will get a judgment against your estate in Oklahoma, carry it down to Texas and get it registered/domesticated there, and then latch onto whatever property you have in Texas (e.g., money, land, whatever).

DAMN, always forget about the vulture union.

[seniorjudge]

Originally Posted by HomeGuru

BelizeBreeze, I corrected your posting;
THEN They will get a judgment against your estate in Oklahoma, carry it down to Texas and get it registered/domesticated there, and then latch onto whatever property you have in Texas (e.g., money, land, whatever).

I agree.

[HomeGuru]

Originally Posted by BelizeBreeze

DAMN, always forget about the vulture union.

**A: that's because you did not pay your turkey vulture dues while flying to Belize. You still owe on carion.