What happens if my mobile home repossessed?

Asked about 4 years ago - Jacksonville, FL

Will I have to pay off the loan? What if I don't take my furniture out? What's Florida law? Is it like a car or a home?

Attorney answers (2)

  1. Blaise E. Picchi

    Contributor Level 15


    Best Answer
    chosen by asker

    Answered . If you owned the land the mobile home is on, it is more like foreclosing on a home. But if you did not, then it is more like repossessing a car. I presume you did not own the land and therefore the mobile home has been or is about to be just towed away.

    You have a right to try to get your property out of the mobile home. Your furniture and personal possessions are not property that is subject to repossession. But you probably should move quickly and prepare an inventory. Document what you are doing. You may not get it all back and you may want to argue its value later on.

    Yes, they will probably want you to pay the difference between what the mobile home eventually sells for and the amount you owe on the loan. They will also want their court costs and attorneys fees. And don't expect them to sell the mobile home for fair market value to minimize what you owe them. They will have to sue you for the balance on the loan. You will be served a complaint for damages once they determine the amount they say you owe them. You can fight it and maybe get the amount reduced somewhat. But if they sue you they will probably get a judgement. However, they cannot collect their judgment if you don't have anything for them to take. Sometimes these finance companies save the court costs and attorneys fees and don't even sue people who have nothing.

    The foregoing is offered for informational purposes only and is not legal advice nor does it create an attorney-client relationship. To indicate that you have read the above answer it would be appreciated if you would check either the thumbs up or thumbs down box below. More than one attorney may respond to your question over the next 5 days so it may be beneficial for you to keep checking for answers.

  2. Gust G Sarris

    Contributor Level 14

    Answered . I would highly suggest talking to a local attorney. It is really impossible to give good advice when we have no information about the loan, colateralization or the specifics. The small cost of a consultation will be worth while. If not read the contract(s) and good luck!

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