What should I do regarding a failed mobile home purchase?
Question Details: I purchased a mobile home 8 months ago. Due to it being 5 hours away and my being a single grandmother who is raising my grandchild, the transitions took about a month. The gentleman I purchased from was supposed to come down several times and get a contract signed and get the money. I was short like $6000. He never came so I ended up wiring him $8000; the original price was $12,000. Then, 2 months ago, I got sick and my business took a big hit. I haven't been able to pay the remainder of $4900. Around that time, he finally came down and had me sign an agreement that I typed up stating I would have the remainder paid by the end of the month. I haven't been able to pay anything since last month. However, I am paying the lot rent of $325 that the mobile home sits on and the utilities. I reside here. Yesterday, I came home to a certified letter notice from him but I have no idea what it says because I wasn't home. What are my legal rights? I have documentation that I've paid $8000. The air conditioning broke and that was another issue that kept me from paying some on the remainder as well. I think he knew it was faulty from what the neighbors have said. At this point, I have a buyer and am willing to take my loss and move back home but I'm living here scared to death we will just be put out on the street.
The purchase of a mobile home (or any home) is a contractual transaction: there is an agreement that you will pay a certain amount by a certain date and in return, will get title. If you violate your obligations, such as by not paying the full amount on time, you are in breach and the seller can terminate the contract, keep the property or mobile home, and also keep the money paid to date. You would lose your rights to buy the home or live there, and could be forced to leave. You should contact the seller and try to work out something mutually agreeable, whether it is more time to pay or time to move out gracefully. Whatever agreement you do come to (assuming uou can work something out), put it in writing and get him to sign, to aid in enforcing it if he breaches or violates it.