Voluntarily surrender mobile home vs foreclosure. My husband purchased a mobile home almost four years ago for his daughter in Joshua, TX on 1.25 acres. She made one payment of $200.00 towards the first payment. When we married two years ago we had her move out and spent $2,000 on repairs. We have had it on the market for 1.5 years. We listed it for what we owed, Principal balance is $38,612.11. I am 64 and was laid off. He is 74 drawing social security and military retirement. We don't have enough cash to continue on paying for two homes. We have borrowed against credit cards to make the payments but can't continue to do it.
