Answers.com > Wiki Answers > Categories > Business & Finance > Personal Finance > Debt and Bankruptcy > Debt Collection > Repossession > When is bank responsible for paying back rent to mobile home park on a repossessed home?

Other contributors have said "How do i collect back rents on a mobile home when it has been repossed?" is the same question as "When is bank responsible for paying back rent to mobile home park on a repossessed home?" If you believe that these are not asking the same thing and should be answered differently, click here

When is bank responsible for paying back rent to mobile home park on a repossessed home?

In: Repossession [Edit categories]

Answer:

Typically, they are not. The mortgage contract the tenant has with with the lender is between the tenant and them. The rental contract you have with the tenant is between the tenant and you, and the lender does not enter into this picture. These are two separate transactions.

Insofar as any unpaid back lot rent owed by the former tenants before the foreclosure - the lender is not responsible for these and you would have to file a personal lien against the former tenants. However, you MAY have some leverage to hold the mobile home for the payment of "storage fees" incurred since the date the lender foreclosed before you allow the home to leave the park.

Note: There are comments associated with this question. See the discussion page to add to the conversation.

Contributor:

C.Hainsaw

First answer by C.Hainsaw. Last edit by C.Hainsaw. Contributor trust: 812 [recommend contributor ]. Question popularity: 2 [recommend question].

[report abuse]

Can you answer these Repossession questions?

	What are PA laws on emission from a car?	Answer it!
	Why is there a lien on your car?	Answer it!
	Can you file for bankruptcy on a car loan?	Answer it!
	What are shares of ownership in a country?	Answer it!
	Can I get my car back if it's been repossessed and sold back to the dealership?	Answer it!

Relevant answers:

What happens if your mobile home is voluntarily repossessed and it is in a mobile home park?
The bank or current lien holder will take possession of the mobile home after the required steps of repossession takes place. The bank or current lien holder of the mobile home is responsible for...
Is there a haunted mobile home park?
Well, claiming a place to be haunted is a misconception. There are many objects that make noises and people may think may be haunted. Then comes the sanity of the person! :) There may be, but no one...
Can you park an RV in a mobile home park?
The park owner gets to decide if they want travel trailers or motor homes in their park. You have very little recourse if you are refused , and the park is privately owned.
When the bank forecloses are you responsible for paying for home hazard insurance?
When the bank takes possession of the house after the foreclosure process is complete, then you can cancel the hazard insurance for your home. It is wise to keep it going should anything unforeseen...
What is the average rent for a lot mobile home park?
What ever the Park Owner wants it to be! In Florida there isn't any rent cap on mobile home lot rent although there should be , if your thinking about renting a lot, talk to other residents first. If...