Foreclosing a mobile home
My mobile home is not selling; if I walk away, what will that do to my credit, which is above excellent? How much time will it take to clear it off my credit once this happens? What are the repercussions of doing this?
The price has been lowered below market value and below what I paid for it. And credit is important since I am starting a business and moving out of state.
Also, park does not allow rentals.
More info: Credit is excellent; not behind in anything; just need to sell and it’s not selling. Options might be to contact lender for a quick sell, correct?