Mortgage company sues for ownership, sale proceeds of manufactured home

April Bamberg Aug. 28, 2014, 10:09am

A mortgage company says the owners of a manufactured home in Nome have defaulted on their retail installment contract and have sued for the right to repossess and sell the home.

21st Mortgage Corp. filed suit Aug. 4 in the Jefferson County District Court against Huey Oliver, Madylin Oliver and Brent Walters. 

According to the complaint, Huey Oliver and Madilyn Oliver entered into a retail installment contract for a manufactured home on Nov. 29, 2006, which was secured by interest in the said manufactured home. The contract was assigned to 21st Mortgage. Huey Oliver and Madilyn Oliver have defaulted on the contract and have been notified of the default, the suit states.

Defendant Walters currently possesses the manufactured home, is not a party to the other defendants' contract and has failed to vacate the manufactured home.

As of July 30, 2014, the debt is $19,303.09, including principal and interest. The plaintiff is suing for this amount.

The plaintiff is also suing to take possession of the manufactured home and to have the sheriff take possession of the manufactured home, sell it and apply the proceeds to the court judgment. 21st Mortgage Inc. also asks for attorney's fees and costs.

The plaintiff is represented by Richard A. McKinney of Addison.

Jefferson County District Court case A195-939

This is a report on a civil lawsuit filed in Jefferson County District Court. The details in this report come from an original complaint filed by a plaintiff. Please note that a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it represents only one side of the story.

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