I have a puzzle: If the house was a trailer/mobile /manufactured home and the borrower moves away the house, what can the lender do?
Read the whole article. They talk about a guy in the last bust that did that exact thing. He disassembled the entire house right down to the slab and hauled it all away. Now that’s funny $#it, I don’t care who ya are, that’s funny.
Here’s the part…..
Travis remembers in the mid-1980s, he was sent to inspect an Orange County home. He couldn’t find it. He returned a few times with different maps. Upon close examination, he found a large slab on the ground surrounded by trees.
“I talked to the neighbors,” Travis said. “They said, slowly but surely, this guy had dismantled the house and taken it with him.”
They told him the man had carted away the pieces on a truck.
