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  1. #1

    Default Voluntarily Surrending a Manufactured Home Back to Lender

    My question involves a foreclosure in the State of: CA
    I hate that I can't afford my mortgage anymore but also don't feel comfortable living in it when I can't afford it. What can I do if the lender won't accept a voluntary surrendering of the home back to them? Can they refuse? What are some other options?
    Home is located in a park and I pay a monthly lot rent.
    Thanks,

  2. #2
    Join Date
    Sep 2010
    Posts
    19,749

    Default Re: Voluntarily Surrending a Manufactured Home Back to Lender

    Certainly they can refuse to do that. Furhter, just because it gets repo'd doesn't mean you don't owe the deficiency on what they can sell it for.

  3. #3
    Join Date
    Nov 2010
    Posts
    91

    Default Re: Voluntarily Surrending a Manufactured Home Back to Lender

    Its my understanding that under California law the lender can not get a deficiency judgment juse becasue you can't/don't make the payments. They can however go after you if there is substainal damage to the home.

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