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Can you negotiate the deficiency balance that you will repay with the law firm representing the lender?
Wiki User
∙ 6y ago
ANY SERIOUS offer will be listened to.
Wiki User
∙ 6y ago
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Does it help your credit if the lender agrees to accept a lesser amount than owed on a repossession balance?
It helps your pocket but NOT your CR. The repo is still there unless you negotiate with the lender to remove it also.
Can a creditor sue you for a deficiency balance in the State of Oregon?
Yes. The lender can sue you also for fees, costs, and penalties incurred in the attempt to recover the debt.
Approximately how long after your car is repossessed do they come after you for the deficiency?
As soon as the lender sells the car, they will know what the balance due is. Then they will come after the money. You will know when that happens.
Deficiency judgments on foreclosures in KY does it happen?
Yes, deficiency judgments can happen in Kentucky following a foreclosure. A deficiency judgment is a court order that allows the lender to recover any remaining balance on the mortgage that was not satisfied through the foreclosure sale. However, it is important to note that Kentucky has certain limitations and requirements for deficiency judgments, including a requirement for the lender to file a motion for deficiency judgment within two years of the foreclosure sale.
Can a lender file Deficiency Judgment in Indiana?
Yes, a lender can file for a deficiency judgment in Indiana. The court has to approve the judgment in order to prosecute.
Can auto repossession be negotiated?
The company repossessing the car has no authority to negotiate terms with you. They are simply there to repossess the car. You must negotiate with your lender. Hopefully, you will do this before the the repossession order is submitted by the lender.
Can the lender sue for deficiency in NV?
Yes. And read your loan agreement.
What if you win lottery and stop paying mortgage?
The lender will take possession of your property by foreclosure. It will then sell the property and will pursue you in court for any deficiency and legal costs.The lender will take possession of your property by foreclosure. It will then sell the property and will pursue you in court for any deficiency and legal costs.The lender will take possession of your property by foreclosure. It will then sell the property and will pursue you in court for any deficiency and legal costs.The lender will take possession of your property by foreclosure. It will then sell the property and will pursue you in court for any deficiency and legal costs.
How does it affect your credit or obligation if your repossessed vehicle was stolen from the lienholder?
The repo will effect your credit. The judgment the lender will get will effect your obligation to pay the deficiency balance. the letter wont effect anything UNLESS the car WAS stolen.
How can you negotiate with your second mortgage lender to take a small lump sum payoff?
"How Can I Negotiate With My Second Mortgage Lender to Take a Small Lump Sum Payoff" is an article available on the SFGate Home Guides section which explains in detail how to do just that.
Can you file a chapter 7 bankruptcy if a lender files a personal judgment for deficiency?
Yes
How can a contract be changed in a housing loan?
You will have to negotiate that with the lender. It may require a new loan on the property.
