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What are the pros and cons of voluntary repossession of your mobile home?

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none. it will still show up as a repo. it will still go againt your credit unless you can refinance it for a lower amount so you can pay each month.if you can put it up for sale and let someone take over the notes, that would be better. but the person has to qualify through the place you bought if from. but there is no pros that i know of. if someone gives you the pay off amount then that may work. some places will work with you under hard ship cases, like a divorce, death, medical injury, temporary disability. but you have to pay somthing until you can get back on your feet. if there is no way out at all, it will be a mark against your credit for 8 years.

First answer by Vizzini. Last edit by Vizzini. Contributor trust: 553 [recommend contributor ]. Question popularity: 89 [recommend question].

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