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What is the best way to sell or get rid of a manufactured home in a park?
Posted on December 27th, 2008 2 comments
generic asked:
Are there any websites I can post my home for sale? I don’t want to go to a realtor. And I have no interest in making payments on a $60,000 loan with 17.5% interest rate. Can I let it go into foreclosure? I owe more then it’s worth and i don’t have any type of updates done to it. So it doesn’t really stand out from the rest of the homes for sale in the park. If I let it go into foreclosure, and it only sells for less then I owe, will I be sued for the rest? What if I don’t have any money to pay for the rest owed on the home? Or what if I don’t pay my lot rent, and get evicted. Will I still be responsible for my mortgage payment on the home and the lot rent even though I got kicked out? I have never been 30 days late on my mortgage, but can not do anything with this high interest rate because my husband and I have bad credit. Any suggestions would help. Thanks
ALYahoo! Real Estate Bad Credit, Foreclosure, High Interest Rate, Homes For Sale, Homes Sale, Lot, Manufactured Home, Money, Mortgage Payment, Realtor, Rest Homes2 responses to “What is the best way to sell or get rid of a manufactured home in a park?”
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You can try eBay to sell, but you are responsible for everything you just wrote. letting it go will only make your credit worse and may interfere with you renting somewhere else.
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Don’t go into Foreclosure it will go against your creditrating.
Couldn’t you rent your house out ? You could try to get a lower interest rate from a different mortgage company
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Doingitmyway December 27th, 2008 at 13:16