Housing Reader Questions

Is Our Mobile Home Mortgage Illegal? – Deb

BOUGHT MANUFACTURED HOME WHICH WAS THEN PLACED IN A PRIVATELY OWNED SUBDIVISION. WE OWN HOUSE, NOT LAND IT I SETS ON; PAY RENT ON LAND IT SETS ON. WE HAVE A MORTGAGE, NOT AN INSTALLMENT LOAN ON THE HOME. OUR LOAN HAS BEEN SOLD 2 OR 3 TIMES. WE ARE NOT BEHIND; WE ARE NOT IN FORECLOSURE. WE LIVE IN MICHIGAN.

IS THE MORTGAGE ILLEGAL, AND ARE WE OBLIGATED TO PAY IT OFF; CAN WE RECOVER MONIES PAID ON THE MORTGAGE IF IT IS ILLEGAL.

Deb




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Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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