A01 Plaintiffs Original Petition for Foreclosure on Mobile Home
Collin Texas Plaintiffs Original Petition for Foreclosure on Mobile Home is a legal document filed by a plaintiff in Collin County, Texas to initiate the foreclosure process on a mobile home. This petition is typically filed when a borrower fails to make timely mortgage payments. Foreclosure is a legal action taken by the lender to recover the outstanding debt by repossessing and selling the property. The plaintiffs, who are usually the mortgage lenders or lien holders, file this petition to seek a court order authorizing the foreclosure and the sale of the mobile home through a public auction. The document contains detailed information regarding the defaulting borrower, the mobile home in question, and the outstanding loan amount, along with the applicable legal basis for foreclosure. Keywords: Collin Texas, Plaintiffs, Original Petition, Foreclosure, Mobile Home, Borrower, Mortgage, Lender, Lien holder, Court Order, Repossess, Sale, Public Auction, Default, Loan Amount. Types of Collin Texas Plaintiffs Original Petition for Foreclosure on Mobile Home: 1. Residential Mobile Home Foreclosure: This type of petition is filed when the mobile home serves as the borrower's primary residence. The lender initiates the foreclosure process to recover the outstanding mortgage debt. 2. Commercial Mobile Home Foreclosure: In this case, the mobile home is used for commercial purposes. The lender or lien holder files the original petition to foreclose on the property due to default on the commercial loan. 3. Defaulted Mobile Home Loan Foreclosure: This type of petition is filed when the borrower defaults on the loan agreement for the mobile home, resulting in non-payment or late payment of the scheduled installments. 4. Judicial Mobile Home Foreclosure: When a lender opts for a judicial foreclosure, they file a Collin Texas Plaintiffs Original Petition for Foreclosure on Mobile Home to seek court intervention in the foreclosure process. This type of foreclosure requires the lender to provide evidence of default and obtain a court order for the sale of the property. 5. Non-Judicial Mobile Home Foreclosure: Unlike a judicial foreclosure, this type of foreclosure occurs without court intervention. If the loan agreement includes a power of sale clause, the lender may proceed with a non-judicial foreclosure by filing the original petition in Collin County, Texas, following the requirements outlined in the state law. Keywords: Residential, Commercial, Defaulted Loan, Judicial, Non-Judicial, Power of Sale, Collin County Texas, Mobile Home Foreclosure.
Collin Texas Plaintiffs Original Petition for Foreclosure on Mobile Home is a legal document filed by a plaintiff in Collin County, Texas to initiate the foreclosure process on a mobile home. This petition is typically filed when a borrower fails to make timely mortgage payments. Foreclosure is a legal action taken by the lender to recover the outstanding debt by repossessing and selling the property. The plaintiffs, who are usually the mortgage lenders or lien holders, file this petition to seek a court order authorizing the foreclosure and the sale of the mobile home through a public auction. The document contains detailed information regarding the defaulting borrower, the mobile home in question, and the outstanding loan amount, along with the applicable legal basis for foreclosure. Keywords: Collin Texas, Plaintiffs, Original Petition, Foreclosure, Mobile Home, Borrower, Mortgage, Lender, Lien holder, Court Order, Repossess, Sale, Public Auction, Default, Loan Amount. Types of Collin Texas Plaintiffs Original Petition for Foreclosure on Mobile Home: 1. Residential Mobile Home Foreclosure: This type of petition is filed when the mobile home serves as the borrower's primary residence. The lender initiates the foreclosure process to recover the outstanding mortgage debt. 2. Commercial Mobile Home Foreclosure: In this case, the mobile home is used for commercial purposes. The lender or lien holder files the original petition to foreclose on the property due to default on the commercial loan. 3. Defaulted Mobile Home Loan Foreclosure: This type of petition is filed when the borrower defaults on the loan agreement for the mobile home, resulting in non-payment or late payment of the scheduled installments. 4. Judicial Mobile Home Foreclosure: When a lender opts for a judicial foreclosure, they file a Collin Texas Plaintiffs Original Petition for Foreclosure on Mobile Home to seek court intervention in the foreclosure process. This type of foreclosure requires the lender to provide evidence of default and obtain a court order for the sale of the property. 5. Non-Judicial Mobile Home Foreclosure: Unlike a judicial foreclosure, this type of foreclosure occurs without court intervention. If the loan agreement includes a power of sale clause, the lender may proceed with a non-judicial foreclosure by filing the original petition in Collin County, Texas, following the requirements outlined in the state law. Keywords: Residential, Commercial, Defaulted Loan, Judicial, Non-Judicial, Power of Sale, Collin County Texas, Mobile Home Foreclosure.