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How many payments do you usually have to be behind before a financial institution decides to repossess?
Wiki User
∙ 8y ago
60 days is usual for most lenders, however, it varies.
Wiki User
∙ 8y ago
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How may missed mortgages payment until you are in foreclosure?
Mortgages can be written with a lot of different terms and laws, especially real-estate laws, vary greatly state to state. State law also dictates the actual process of foreclosure. Foreclosure doesn't happen when you miss x number of payments. Foreclosure is the legal process of the bank or lender trying to take away your legal right to lay claim to any equity you have accumulated in your home. They do this so that, if and when they have to repossess your home, they don't have any problems trying to sell if because you still have a financial claim to the property. Foreclosure happens when you default and a bank decides they need to foreclose so they can then evict you and resell the house. If you are missing payments on your mortgage, you need to talk to your bank/lender and talk about what's going on. Banks do not like to have to go through all the work to foreclose, evict, and sell a home. But, if you are missing payments, you need to talk to someone to figure out what the options are and which option is best for you.
Can your trustee convert your Ch 7 to a Ch 13 if he decides that you will have enough money to make payments on a Ch 13 repayment plan in 10 months?
No. Once a chapter 7 bankruptcy has been discharged it is final.
What is the interest rate on the business loan?
The cost of the business loanis determined during the credit evaluation and after which you will be advised of how much amount of money you can borrow, payments, any fees and interest.
How long does it take to transfer money from bank of America to HSBC bank?
On average, it takes 3 to 5 days to effect an electronic money transfer from institution to institution. The exception would be if you just deposited a paper check in one bank and you want to transfer the funds to another bank--that could take 10 days or longer if your institution decides that it wants to wait until the check clears. I would advise you to check with your local bank to see what their check cashing/clearing policies are.
Is a co-signer privy to other information regarding your banking besides what has to do with the loan in question?
Absolutely not! When you co-sign it is no different than if you took out the loan and you are 100% responsible for it. If the person you co-signed for decides not to keep the payments up you are 100% responsible for paying that loan off. They have no right to get any information about any loans you may have, interest bearing bonds or savings accounts. If the co-signer is getting this information from your bank then you need to see your banking institution as the bank is solely responsible for this error. Marcy
What social institution is most used when deciding if a country is underdeveloped?
The social institution that decides if a country is underdeveloped is Economics
Do you have to enroll at a college first before you can apply for financial aid?
absolutely..the financial aid office at your selected institution of higher learning in the main determining party who decides which programs you are eligible for. Also, when filling out the FAFSA, one of the questions asks for the school code. Talk to the financial aid adviser at the school you have in mind.
What is the difference between a financial accountant and a financial controller?
Accountant keeps track of business records, Controller decides where money should be spent.
Generally speaking after a person decides to run for office his first task is to?
collect financial contributions
What institution decides when an amendment to the constitution should be proposed and considered?
Whenever 2/3 of the House of Representatives agree. Article 5
What does the House Committee On Financial Services offer?
The house Committee on Financial Services offers help with budgeting for the Federal Government. They are a committee that decides what has to be paid over what should be paid in the budget.
How may missed mortgages payment until you are in foreclosure?
Mortgages can be written with a lot of different terms and laws, especially real-estate laws, vary greatly state to state. State law also dictates the actual process of foreclosure. Foreclosure doesn't happen when you miss x number of payments. Foreclosure is the legal process of the bank or lender trying to take away your legal right to lay claim to any equity you have accumulated in your home. They do this so that, if and when they have to repossess your home, they don't have any problems trying to sell if because you still have a financial claim to the property. Foreclosure happens when you default and a bank decides they need to foreclose so they can then evict you and resell the house. If you are missing payments on your mortgage, you need to talk to your bank/lender and talk about what's going on. Banks do not like to have to go through all the work to foreclose, evict, and sell a home. But, if you are missing payments, you need to talk to someone to figure out what the options are and which option is best for you.
If you get a new job that pays more will your child support payments go up?
The court usually decides if a new job will cause your child support payments will increase. Occasionally there is a statement in either the law or your original court order depending on the state.
What does structured settlement mean?
A structured settlement is a financial agreement which may be agreed after a court decides damages in a personal injury case. Rather than receiving a lump sum settlement the payments may be made as an annuity. A structured settlement may be set up to provide an income for life, whereas a lump sum payment may be at risk if unwisely invested.
What are some of the benefits for a buyer to take out a rent to own contract?
Benefits for a buy to take out a rent to own contract include not having to sell the home if one decides to move and being able to own the home if one actually decides to keep it with the rent going towards payments.
What can i do when i enter into a contract and the person I'm buying the business from decides he wants to close the business mind you i have been making the payments?
If you entered a contract to purchase a business and the seller closes down after you have made proper payments, you need to contact a lawyer. A judge may require him to give your money back or allow you to reopen.
Can your trustee convert your Ch 7 to a Ch 13 if he decides that you will have enough money to make payments on a Ch 13 repayment plan in 10 months?
No. Once a chapter 7 bankruptcy has been discharged it is final.
