Posted by John Merchant on July 28, 2007 at 20:05:59:
'99 Oakwood is a Mobile and as such is bought, sold, financed and repo’d just like a car.
If it’s on its own land then it could become part of the real estate IF the title is “surrendered” and this is commonly done where it’s the same owner of both…but often it’s NOT done for whatever reason so the MH remains personal property.
Reposession in colorado - Posted by Judy
Posted by Judy on July 25, 2007 at 21:52:22:
I not sure how detailed to get. The mortage company repoed my mom’s modular home and now want her to pay the difference. She had to give up the home due to medical reasons. I read on your web sight that what they get is what they get. Is this true? If not do you know of an attorney in Colorado that would help. I was refered from the mobile home side of your web site to an attorney. I myself am unable to find one that knows about mobile homes.
Re: Reposession in colorado - Posted by Bill Jacobsen
Posted by Bill Jacobsen on July 27, 2007 at 08:14:05:
It is not clear whether your Mom had a modular home or a mobile home. It is also not clear whether she owned the land under it.
If this were truly real estate it would have to be foreclosed on. If there was a mortgage involved in the foreclosure, there could be a deficiency judgement and also a right of redemption by the owner.
Your Mom could contact the State Bar or Legal Aide in Colorado to help find an attorney. Good Luck.
Bill
Re: Reposession in colorado - Posted by Judy
Posted by Judy on July 27, 2007 at 21:56:31:
Thank You. I will try the State Bar and Legal Aide. And just to clarify it was a 1999 Oakwood Homes Modular that they (oakwood homes) put in a trailer park, after the land home package for some strange reason did not go through. Thank you again for your help and direction.