What is the process when a double wide is repossessed?

Answer by  John (9008)

The rules for this vary from state to state. In general, however, the law treats it the same as it would a house. You must be in defaul on your mortgage. There are usually notice requirements, as well. However, if you fall behind and cannot catch up, the bank can reposses a mobile home just like a house.

Answer by  TheAnswerFairy (2345)

If something is repossessed, the bank/company that made the loan comes and takes their property to sell it to someone else who can pay for it.