Tag Archives: foreclose

What is the difference between a repossession and a foreclosure? (for a modular home in a park)?

The house is in a park, not on private land. It’s a big one, 2400 sq.ft. I am current with the payments, but my job is making me move 500 miles away, I won’t be able to make payments on 2 homes. Is it better that they repossess it or foreclose? It’s for sale but the market doesn’t look good, homes have been for sale there for over 4-5 yrs. Renting is out of the question, I can’t afford the insurance they charge for a rental modular, and I don’t want it destroyed by the kind of tennants it would draw.

whats the best way to sell my house FAST without losing too much money?

i’m getting divorced and need to sell quickly before the mortgage company starts to foreclose.

Should I let my land I own foreclose?

My ex husband and I own some land. The Judge ordered us to sell the land to pay off remaning debt that is now in my name because my ex husband filed for bankruptcy. The debt is from a failed business my ex husband owned.

We were able to get a buyer for the land before the foreclosure date. THe only thing is that my ex husband is now refusing to sign the papers so we can finalize the sale.

The Title co. extended the foreclosure date until April 2006.

Should I just let the land be foreclosed or take my husband to court to force his signature?

I already have a large amount of debt left in my name because of him.

What is a foreclosure going to do?

Why would some one who holds a 2nd with no value do this?

I’m foreclosing on property they have filed bankruptcy In a few weeks we should get a release from the bankruptcy so I can foreclose However the company that holds a 2nd on this property is also pushing to get a release and foreclose as well Why? With what he owes me,back tax’s,and sales cost I don’t think there is anything left for them.It’s raw land no one well buy it for a few years Why are they pushing so hard on this?
Thank you but Why after they pay me off and the back tax’s I don’t think there is anything left for them even IF they can sale this raw land
Thank you but Why after they pay me off and the back tax’s I don’t think there is anything left for them even IF they can sale this raw land
Never said “no value” said no value to them the property has only value to pay me off and back property tax’s

What is the difference between a repossession and a foreclosure? (for a modular home in a park)?

The house is in a park, not on private land. It’s a big one, 2400 sq.ft. I am current with the payments, but my job is making me move 500 miles away, I won’t be able to make payments on 2 homes. Is it better that they repossess it or foreclose? It’s for sale but the market doesn’t look good, homes have been for sale there for over 4-5 yrs. Renting is out of the question, I can’t afford the insurance they charge for a rental modular, and I don’t want it destroyed by the kind of tennants it would draw.