Asked 2/13/2008
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Mobile home repossession 2 years ago we voluntarily turned our mobile home in for repossession because we could not afford the payments. the mobile home was sold 5 months later by the mortgage company for substantially less than what was owed.
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Answer 1/11 - Submitted 2/17/2008
Answer 2/11 - Submitted 6/27/2008
You can pay the difference.
you don't have alot of options, since you do owe that much and by letting them repose it, you were giving them the right to sell it for what they can.
it might have been better for you to sell it on your own, as you could have made more for it, and hopefully broken even on it.
Answer 3/11 - Submitted 6/28/2008
The difference and a payment plan are both negotiable, no matter what they may tell you at first. If they turn it in for collection, and they eventually would, thay would then just get a percentage of that difference anyway. Start there, and make sure all your communications are by registered mail so you have verification. Don't do anything for them until you have what they promise in writing.
Answer 4/11 - Submitted 2/17/2010
Answer 5/11 - Submitted 2/17/2010
Answer 6/11 - Submitted 2/17/2010
Answer 7/11 - Submitted 2/17/2010
Answer 8/11 - Submitted 2/17/2010
I disagree. If that's the case collection agencies could extend
outstanding debts for decades.
That said. you can get sued at any time. There's no statue of limitation
on lawsuits. If your defense is incorrect or you don't respond you
will have a judgement against you.
Dwanna, we'll be glad to answer your question completely.
As SRDEsq suggested, it's best to start a new thread.
Answer 9/11 - Submitted 2/19/2010
Here is a cource that explains the SOL defense much better than I can
http://www.fair-debt-collection.com/statue-limitat ions-explained.html
Answer 10/11 - Submitted 2/2/2012
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