how are mobile homes financed
how are mobile homes financed
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Why would a company try reposess a mobile home after only 2 months behind in payments?
My daughter's mobile home is financed through Greentree Financial. She is 2 months behink on your payment. When he tried to make a payment today, Mrs. herthat said he would pay $ 1963.00. ($ 1,100 in legal fees plus 2 months of payments. Payment is like trying to do was refused.She said they would close. Is this legal? How long does normally before the foreclosure is affected? She is in very good health and is about to have a heart attack in this, that makes me very sad and very angry with Greentree Financial. Thanks for any help.
Reposession and laws vary from state to state collection. The execution process has a bit of time. If your daughter has a HUD loan, contact your local HUD office. They have programs to help people in their position. Sometimes the bank itself has programs to assist in their position, but you really have to find someone who knows the intricacies of the bank to find out. If your daughter has all the retirement accounts, which often reduce the penalties for early withdrawals for this kind of situation. Moreover, their work may have disability insurance policies can be watched on time to help pay living expenses.
