My mobile home was repossessed ayear and a half ago. I have an agency offering to let me pay 2000 instead of 26K. Is it possible to do this and have a 0 balance on my credit? Also, will I get a letter from the IRS saying that I made income of 26K because of the house? They said the next step is to go through lawywer to obtain there money and it would be 26K.(posted 8021 days ago)