What happens if I call to our colleagues of the mortgage. our house is through mobile and can say that?
We moved into our new home in the year ago because we sold our mobile home. Well, the deal fell through, and now we have been doing for more than two mortgage payments a year, not to mention, is still paying utilities, insurance, etc. .. in the old house. We have drastically reduced the sales price – where and are taking a hit $ 20,000 just to get rid of him. We on our part and can not do otherwise. People keep telling us to just "give it back to shore." Obvioulsy will damage our credit score. Anything else? What are the consequences of doing this? There are people who have something to go to a criminal status, but many people have told us to do that, we do not know if it's our only option. We just want to know the consequences if it would ever come to this.
If you have a mortgage on the trailer, will appear as a foreclosure on your credit report. It will be difficult for you to get any type of credit or refinance your home. Why not try to rent out the mobile home or make a purchase land or lease it? If you contract of land, which are basically making a private mortgage. You draw up a contract, giving the tenant a year to obtain their own funding. For the time being paying the rent and pay your mortgage payment.
Mobile Home Investing with Single Wide Mobile Homes
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