voluntary repossession

[Karen]

No basement. We live in the south and no one has a basement here. And no garage. Yes, we did had a small yard, but nothing to brag about. And accessible attic for storage either.

[Tina]

We are in the same situation. My husband was transferred out of state and we rented out mobile home out on a rent to own, Lease Purchase agreement and got stuck with two homes. The couple that was in our mobile home was so promising that they were going to purchase and so on and so on, but ended up leaving us holding the bag. Owed us rent, during the holidays. We managed to pay on mobile as much as we could, while trying to find a renter, buyer, for our home. Due to park conditions and other factors we could not find either for our home. Yes, we let it go back voluntarily. Did we like the idea? NO, but sometimes people are without too many choices in life. Yes we could have stayed in our mobile home and eventually ended up on the street, due to no jobs, and still be in the same situation, or tranfer where there were jobs and be able to live. WE returned to our mobile home once five years ago, so we wouldn't have to loose it, and ruin our credit, because the folks at the time that where buying the home backed out on us, changed their minds and due to fact it was still in our names we were responsible. This time around we can't move back 3,000 miles to live in our mobile, give up a life here, pull our children out of decent schools, up root everyones lives for the sake of a lousy mobile home that we got stuck with. When we bought the home orgionally we had a plan of keeping it, buying land and putting it on, then they changed the laws about putting single wides on land, only double. Mobile Homes are traps for people. They are low payments with promises , better then renting, but they don't tell you the down falls, when you purchase them. That when it comes down to it, you won't be able to sell it unless you live in for the full entire 30 years, and then sell it for one quarter of what you paid for it all those years ago. My mobile just sold for one quarter of what is is worth and what we owed and is only 6 years old. Go figure. The banks see us coming when we finance those death traps.