Re: can cali mobile home be taken for defaulted car loan?

Posted by LadynRed (199.91.33.254) on July 01, 2004 at 14:38:37:

In Reply to: can cali mobile home be taken for defaulted car loan? posted by almost homeless in cali on July 01, 2004 at 14:27:40:

Yes, the homestead exemption includes mobile homes.

"Real or personal property you occupy including mobile home, boat, stock cooperative, community apartment, planned development or condo to $50,000 if single and not disabled; $75,000 for families if no other member has a homestead (if only one spouse files, may exempt one-half of amount if home held as community property and all of amount if home held as tenants in common), $100,000 if 65 or older, or physically or mentally disabled; $100,000 if 55 or older, single and earn under $15,000 or married and earn under $20,000 and creditors seek to force the sale of your home; sale proceeds exempt for 6 months after received (husband and wife may not double)."

They *could* place a lien on it but its likely not even worth 10K. Mobile homes depreciate very quickly.

They can't take her home. The BK,since is already passed, won't make any difference at this point.

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