R
riverposie
Guest
I am from Pennsylvania. I stopped making payments on my house in Oct. 2003. I have received (1) forclosure notice. My attorney has offered the lender the deed as final payment. Since that, the lender has had the home and property appraised. This was a few months ago and since that my lawyer or myself have not heard a thing from them ...They never return calls. So i am just sitting and waiting. I have been told that when forclosure occurs, the property will be sold at auction. If the loan is not satisfied for the owed amount, the lender can file suit and sue me for the balance. now here is my question: I walked away form that house and property..I now live in a trailer park and own a 27 year old trailer that i paid $300.00 for. It has a motor vehicle title. I also own a 15 year old small boat and a 10 year old car with 160,000 miles on it (they all have titles)...i have a 402k for $6,000.00 and receive a small pension. This is the total of what i own. Can they take my mobile home and boats and car and 401K and pension? My lawyer says this is highly unlikey because it would cost them more money than it is worth. Nontheless, I need to know because if they can take this stuff, i plan on changing the ownership (transfer the titles) to a a friends name so i have nothing for them to take, before they try to do this....thanks