My friend have a Mobile home but have to distribute it up due to loss of employment within 2000.?
The moblie home was next sold to someone else. On her credit report it showed as a charge off. Then surrounded by dec she got another credit report and it showed she owes on the moblie home. Can they do that?
Answers:
Yes. She probably still owes the mortgage company the difference between what she owed them, what they sold it for, and the foreclosure fees.
Even if they aren't chasing her for it, it will stay on her copy forever until she pays it off. It's a unpromising debt!!
By charging it bad, they are stating that they are not likely to retrieve the money She now owes the difference between the mobile home match plus attorney fees, and what the mobile home brought at the sell. It's not plausible to go away.
did you rate it off after you sold it? If you didn't yes they can.
Was the sale handle by an Attorney? If so, take these documents to the attorney for review. The attorney/title company should hold made sure that any liens or mortgages on the trailer were compensated at the time of sale.
If it be handled properly, next it would have be the responsibility of your friend to make sure that adjectives debts relating to the trailer were self-righteous.