Help, Repossesion questions

[jandp4ever]

What is the name of your state (only U.S. law)? GA

My husband and I are having some very difficult financial times right now. He has been laid off and I am disabled. We had a check bounce that went to pay for our house payment this month. I have a double wide and it is in my name. The land it sits on is my dad's.

All of the issues with the check happened when I was in the hospital earlier this month and we were not paying as close attention to our bank account like we should have. We have until tomorrow at noon to come up with $490. We don't have it. We will have it next week when I get paid from disability.

The loan supervisor said if she does not have the money tomorrow by 12n she will send my account to legal and start the repossession of the house. How long will we realistically have before they start the procedures? Will we be able to stop things next week if we make things current?

We have no one else we can go to for money right now and we are stressing!

Thank you!

 

[sandyclaus]

What is the name of your state (only U.S. law)? GA

My husband and I are having some very difficult financial times right now. He has been laid off and I am disabled. We had a check bounce that went to pay for our house payment this month. I have a double wide and it is in my name. The land it sits on is my dad's.

All of the issues with the check happened when I was in the hospital earlier this month and we were not paying as close attention to our bank account like we should have. We have until tomorrow at noon to come up with $490. We don't have it. We will have it next week when I get paid from disability.

The loan supervisor said if she does not have the money tomorrow by 12n she will send my account to legal and start the repossession of the house. How long will we realistically have before they start the procedures? Will we be able to stop things next week if we make things current?

We have no one else we can go to for money right now and we are stressing!

Thank you!

You're probably looking at a matter of days or weeks before they repossess. I also know that they will NOT usually begin repossession proceedings unless you are at least 2 or months behind - it makes little business sense to do that.

If you are so certain that you will receive your money soon, then II'd.borrow enough to cover that payment. Sounds like you've broken previous arrangements with the finance company, which is why they are unwilling to extend any leeway this time.

 

[OHRoadwarrior]

I agree with Sandy. Generally, lenders are not to froggy on mobile home repos. You must have a bad history to provoke it. I suggest you consider extra-ordinary measures like a temporary pawn.