I have a modular home in my sister's land. I can no longer afford to make the payments, can the bank repossess?
Modular Home Questions August 18th, 20118 years ago, I had a modular home installed in my sister’s 5 acre property. I am unable to afford the payments for the loan of this home. Can the bank repossess it even if it is in private property??
August 18th, 2011 at 3:20 am
Of course they can.
August 18th, 2011 at 3:20 am
yes
August 18th, 2011 at 3:20 am
Sure
Have you tried to work out something with your lender. . . . .there are programs to Modify loan or refinance
WHAT is your reason for being "unable" to pay? What has changed over 8 years?
August 18th, 2011 at 3:20 am
Yeah, the land will go with it too.
You had better tell your sister you are planning to steal the banks money and she is losing her land because of it.
August 18th, 2011 at 3:20 am
Of course they can. If a car can be repo’d on private property, why would this home be any different? Besides, who on Earth installs a modular home on PUBLIC property???