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06-05-2006, 01:15 PM
| | Junior Member | | Join Date: Jun 2006
Posts: 1
| | | What happens if I stop paying my mortgage on mobile home What is the name of your state? MO
I have a 1999 manufactured home in a mobile home park. I am living with my mother and can no longer afford my mortgage or lot rent or property taxes. I owe more on the home than I can possibly get selling and no one will try to sell it for that reason. I no longer live in MO and need to find out my options for getting out from under this house. What happens if I stop paying the mortgage? | 
06-05-2006, 02:30 PM
| | Senior Member | | Join Date: Nov 2005 Location: Alabama
Posts: 2,106
| | | The bank will foreclose and sell the home. Then it will sue you for the difference between what the home sold for, and the amount you owe on the loan. They will try to find you to accomplish service. If they don't find you, they will serve by publication in a local MO paper, and then take a default judgment in the amount owed when you do not appear at the hearing. | 
06-05-2006, 02:58 PM
| | | Quote: |
Originally Posted by ataloss What is the name of your state? MO
I have a 1999 manufactured home in a mobile home park. I am living with my mother and can no longer afford my mortgage or lot rent or property taxes. I owe more on the home than I can possibly get selling and no one will try to sell it for that reason. I no longer live in MO and need to find out my options for getting out from under this house. What happens if I stop paying the mortgage? |
My response:
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06-05-2006, 06:04 PM
| | Senior Member | | Join Date: Nov 2005 Location: Alabama
Posts: 2,106
| | Quote: |
Originally Posted by CALIF-LAWPRO45 My response:
Congratulations!
Your initial post was copied and just became a Runner-Up in our end-of-the-year, "Best Trailer Trash Story" contest, being held on December 15, 2006 and the winner will be chosen by popular vote on that date!
Thank you! Make sure to come back on December 15, 2006 to see if you're our Grand Prize winner! Our 2004 Winner walked away with a brand new Chevrolet "Corvette" convertible!
Yes, I know it's incredible, and I know you're blushing with pride - - but, believe it or not, your post could be our Grand Prize winner for 2006! We're giving away TERRIFIC PRIZES! For further Details, Rules, and Prize list, click on this link for more information:
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