Question Details

, Other/Just Looking in West Olive, MI

I own a Modular home in Michigan state with approximately $11,000 payed in equity and $5000 payed in interest

Asked by , West Olive, MI Mon Jun 9, 2008

on a total mortage amount of approximately $21,000.

There are 2 years remaining on the mortgage; but I am in a desperate financial crisis.

Can someone tell me what would happen if I forclosed on the mortage? In other words, would I be LEGALLY entitled to GET BACK the equity I paid during the life of the mortgage; and would I get that money BEFORE or AFTER my modula home was repossessed by the mortgage holder.

Also, does any one have information on a company called: Laketown Property Service located in Michigan?

Thank you

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