I need to get rid of my house but do not have time to sell it. what will happen if i abandon it?

my fiance and I were in a rush to buy a home beacuse the lease on our apartment was up, and we made the mistake of purchasing a refurbished mobile home and had it moved to a community outside of the city that we work in. with rising gas prices and our son having to stay with his grandparents during the week to get a better education we want to move. but with it being a refurbished home it is faling apart, and no matter how much money we put into it somethings are unfixable because the people who did the refurbishing just pieced the thing together with glue and duct tape and scrap pieces they found laying around. when they moved it in we asked them several times to fix a broken window that they caused when moving it. to this day 7 years later it is still broken. what can we do so that we can get rid of this house but not have it looming over our heads for the next 7-10 years?

If you abondon it, it will remain yours. You will keep owing tax every year and if someone gets hurt inside your house, regardless of he is supposed to be there or not in the first place, you could be held liable.

I'm sure you could legally give it way for charities, or for small amount of money for someone who is in needs.

Put a add in the paper to sell it...put needs repairs and it will sell...believe me people will buy anything.

I want to buy one let me know were you are leaving it. Are you in southern California?

If you want to abandon it, tell me where it is and I'll take it off your hands.

I refurbish mobile homes, and I have a truck to haul it.

You could abandon it, but somewhere along the line a lien for dispostion of the trailer could show up on your credit report. It might be best to see if someone else wants to take it off your hands for what you paid for it or less. I'd put a FOR SALE sign on it with your number. There are alot of folks out there that are losing their homes and will need somewhere to go.

one could "accidently "have a fire... i suppose. but i do not in any way condone or suggest arson. That would be a crime.

Well it sounds like money is not an issue. And I would expect that you do not owe any money on a lien--that the property is in your name free and clear. I would not abandon it as there are a number of liability issues that loom in the future for you for doing this, including liability to dispose of the property later and the court costs involved.

Donate it! Look in the phone book for a charity group that takes old cars and donate your home. Get a receipt for the tax deduction, and have a nice (high) but fair price to have placed on the documents. Work with the agency for the charity group to pay for any closing costs.

I'm not clear if you own the land? In that case you may want to keep it or sell it? It all really depends on where you are, and 100 issues, but keeping land is usually a good thing (but not always).

if you dont owe any money on it
sell it for one dollar to somebody
or rent it out to a handyman who will fix it in exchange for rent
I need a house where can we see it if we were inclined to take it off your hands? pantheratp@yahoo give details

why did you sign closed of escrow if you know if it was broken and hasn't been fixed yet?

always request to fix things that needed fixing and don't closed until it's been fixed!

Please contact me at tmarshall07@gmail.com
I'm in the note business and there are many people who are willing to by homes in any condition. I can help you. If you are serious about selling we can get into details when you contact me. Thanks.

Do you owe a mortgage on it? Try and rent it. If it does have a mortgage has the mortgage to a short sale. I wouldnt suggest abandon it.

You can do absolutely nothing at this point.
Did you have a home inspection before purchasing the piece of junk? I'm guessing not - because the inspector would have TOLD you it was a piece of junk.
You HAVE time to sell it now, you just don't want to spend the time - there's a difference.
You also had time to buy a house without being rushed, you just chose to wait until the last minute - the last time I checked you pretty much know when your lease is up during the entire time you're living in your apartment, right? Besides, most places will let you rent on a month to month basis if you're house hunting, you may have to pay a little more but it's worth it. I'm sorry, I just don't buy your poor excuses for making a bad decision.
Nobody forced you to buy the piece of junk, you made a decision to make a bad investment. You either have to sell it at a loss & pay the balance of what's owed, you have your house foreclosed on, or you continue to pay until you don't have a loan anymore.
Next time, do a little more research before buying a home - do the right thing - you could always consider renting the place out just so the mortgage is covered.
Sorry, no good news for you today

What you are leaving out of the mix of information is how much money if any do you owe on it. Even if you abandon the structure it does not relieve you from paying the lien holder monies still owed. They can sue you for any remaining balance after they sell the property. They will sell it at auction for a lot less than you could get for it selling it yourself. The lien-holder has no interest in getting the highest sum since they can come back after you for the balance owed. Sell it yourself if you can and re-negotiate the outstanding balance into a personal loan. This way you may still owe money but have substantially reduced the amount remaining to a workable number. You are also leaving out whether you own the property it sits on or are paying rent and what the terms are of that agreement. The landlord can sue for the remaining months on the agreement just the same as if you broke the lease on an apartment. Get some of your friends together and fix it up enough to sell. If someone else could make it look good enough to sell on the cheap then you can too.

It sounds to me that the home issue is only the tip of the iceberg. Without re-evaluating what you are doing in life, fixing a symptom will not solve the financial problems. It seems to me that you may be just hanging on by threads financially if you have a broken window that can only be repaired by waiting for others to do it and you are worried about "looming payments for another 7 to 10 years" on a structure that by nature should not be an exorbitant liability to begin with. Perhaps some skills training or more education for you and your future husband would be more in order. I don't mean to beat up on you but you have to increase your skill level beyond a minimum wage job to successfully own a home and raise a family without a level of constant stress.

In the mean time find ways to save money, earn more money, and cut down on the driving.... put the son in a school near you and perhaps use a bicycle for some of your errands and commuting. A second job would probably be in order as well for you and your fiance. This is the only way you will break the cycle of no or little income unless lightning strikes and you win the lottery. It gives a much higher level of pride to say I have excavated myself from my own problems rather than to run away from them. It is going to take a couple of years to dig yourself out of the hole but with an extra job you will be in the position to make some good choices almost immediately. At the same time get on the phone with the creditors and try to re-work the payment amounts to be in-line with what you can earn. A renegotiation on your credit history is by far better than a default or an abandonment.

Try listening to the Dave Ramsey Show both on the internet and on many A.M. stations. He talks a bout how to get out of debt step-by-step and extricate yourself from money blunders. If you are ready to run away from your home then that is a sign of desperation because it is all so overwhelming to you. Listening might show you a better way out. He teaches behavior changes that give you control again. You might want to try that. Good luck.

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