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If for you borrow 3000.00 for a down payment from a family member and you fall behind in repayment can they force you out of your home if you still owe 600000 to another lender?
Wiki User
∙ 14y ago
Generally:
If you signed a promissory note the family member can sue you and obtain a judgment lien. Once recorded you cannot sell or mortgage the property until the lien is paid.
Your family member cannot take your home unless they recorded a mortgage in the land records that reserved the right to foreclose. If they foreclose, they would take the property subject to the mortgage and would need to make the mortgage payments.
Wiki User
∙ 14y ago
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How do you write six and half lakhs in numerals?
It is 650,000
What mortgage can you expect on 550000?
What would the mortgage payment be on 600000
A firm has a current assets of 800000 current liabilities of 600000 The firm uses 200000 of its cash balance to pay off a current liabilities Calculate the current ratio before and after this?
Current ratio before payment = 800000 / 600000 = 1.33 Curren ratio after payment = 600000 / 400000 = 1.5
Write five names for 1000000?
500000+500000=1000000 400000+600000=1000000 700000+300000=1000000 200000+800000=1000000 900000+100000=1000000
What is the circumference in 300000 square feet?
The area of a circle is given by the formula A =π r2 = 300000 Therefore r2 = 300000/π = 95492.97 : r = √95492.97 = 309.02 The Circumference of a circle is given by the formula C = 2πr C/A = 2πr/π r2 = 2/r therefore C = 2A/r = 600000/309.02 = 1941.62 ft If the area of a circle is 300000 ft2 then the circumference is 1942.62 ft
What is the percentage for 600000?
the percentage for 600000 = 60000000% 600000 * 100% = 60000000
How many lakhs are there in 677813?
67lakhs
What is 10 percent of 600000?
What is the 10% of ₹ 600000
WHAT IS 600000 plus 12345678910?
600000 + 12345678910 = 12346278910
What is 570274 rounded to the nearest hundred thousands?
It is 600000.
What is 599999 rounded to the nearest thousand?
600000
What is 600000 rounded to the nearest hundred thousand?
It is 600000.
