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Can mobile home be foreclosed? What if its a personal property?

April 26, 2017foreclosed Mobile home Property

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Can mobile home be foreclosed? What if its a personal property?

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If the home is a real property and collateral for mortgage loan, it can be foreclosed by the lender or the mortgage company. However, if the home is a personal property, then the creditor (mobile home dealer) offering the loan will simply repossess the property and sell it at a public auction.