My question involves a foreclosure in the State of: CA
I own a manufactured home in a mobile home park. Due to loss of income, long term, I will not be able to pay the mortgage. I need to move to a place that is more affordable for me to live (possibly out of state). I want to surrender my house back to the lender even thou I've only missed one payment but I know I can't make the monthly payments. I also am required to give the mobile home park 60 days notice to terminate my tentacy.
If I go ahead and give the 60 day notice to the mobile home park, what happens if the bank refuses to allow me to surrender the home? What happens if I just abandon the house and notify the lender at that time? I wouldn't be doing this till the 60 day notice to the park has expired as I want to protect myself from any judgement from them. So if I give the notice to the park and the lender refuses to take the home back would I still be responsibile for the monthly lot rent once the 60 day notice is up. Also if I call and send certified letter to lender regarding 'deed in lieu of foreclosure' or that I'm abandoning the home, what happens then.