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If you cosigned for a mobile home with your ex-wife and she is behind on the payments can you have her removed from the property and resell the home?
Wiki User
∙ 8y ago
CONTACT the lender for available options in this matter.
NO! Try to get a quit clain deed for her interests.
Wiki User
∙ 8y ago
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What are the some advantages and disadvantages of sale and leaseback?
Advantage - You get the money back straight away. Disadvantage If you buy a leaseback property, you are buying it as an investment. The idea behind leaseback is that you buy a property and are guaranteed* rental income year round for that property, normally for France, up to about 4%pa. You then have the option of using the property for holidays at the cost of reduced return.
Abandoned Property?
Abandoned PropertyAbandoned property is one to which the owner has relinquished all rights including reasonable expectation of privacy. It is property left behind (often by a tenant) intentionally and permanently when it appears that the former owner (or tenant) does not intend to come back, pick it up, or use it.Generally, abandoned property becomes the property of person who finds it and takes possession of it first. Examples of abandoned property are possessions left in a house after the tenant has moved out, or autos left beside a road for a long period of time and or patent rights of an inventor who does not apply for a patent and allows others to use his/herinvention without protest. However, an easement and other land rights are not abandoned property just because of non-use.Abandoned property laws govern the requirements that must be followed to dispose of unclaimed property. Please view your state laws for the requirements in your state. Laws are provided for Self Storage facilities and general abandoned property law.Unclaimed Property LawUnclaimed property is generally defined as a liability a company owes to an individual or entity when a debt or obligation remains outstanding after a specified period of time. An uncashed payroll or dividend check is a common type of unclaimed property. Most unclaimed property becomes abandoned as a result of a change of address (the owner moved), a name change (the owner got married or divorced), or death of the owner (the estate was unaware of the money or the heirs could not be located). Every state has unclaimed property laws which declare money, property, and other assets to be abandoned after a period of three to five years of inactivity. Click link for specific: Self Storage Laws by StateDisclaimer:This article is a guideline and is not legal advice - No information here iswarrantedorguaranteedfor any purpose., as laws vary from state to state, it is not intended to be an all inclusive discussion of the law applicable to any action in your state. Please consult with a legal professional when appropriate - if you are charged with a crime, contact a criminal defense attorney.[video=]
What are opinions on royal business club inc?
A pyramid scam hidden behind the word "network"
Can you do business for leaving cert even if you didn't do it for junior cert?
Yes but its not a good idea. You'd be behind the rest of the class and would have a lot of catching up to do
What are the reasons for the failure of small projects?
6 Reasons Why Projects Fail. Here are six reasons behind project failure.Lack of Resources.Scope Creep.Poor Project Handling.
In California can a parent who cosigned report the car stolen if their child is behind in payments?
I am not sure it is possible but my only suggestion is to call your local Police Department and find out
If someone has a motorcycle in their name but someone has the property and is behind on payments can the motorcycle be voluntary repossessed by the main name even though someone else has the property?
Yes it can.
Can a lender foreclose on a property even if the mortgage payments have been kept current?
No but if a home owner is behind on payments and needs a loan mod or short sale approval, proof is available at RestReport.com
Can you go to jail being behind on car payments?
You can if you don't return it. If you return it, you can walk away--they will send collection notices but by law they have to be removed from your credit after a few years.
Could you lose your home if you are behind on payments and your car rolls down hill into it?
Of course YOU WILL LOOSE YOUR HOUSE IF YOUR BEHIND ON PAYMENTS.
Can a lien holder report the car stolen for being behind in payments?
Of course not. The car has not been stolen. But guess who is going to have to make the payments if the primary lender does not. You the cosigner, that's who. I would suggest you talk to the person you cosigned the loan for. If I were going to have to make the payments I would for sure try to gain possession of the vehicle. This is the very reason cosigning is a bad idea.
How many payments do you have to be behind to get your car repoed in GA?
no more than 2 payments
Can your property be repossesed if you are not behind in payments?
Yes. When you borrow money you agree to all the provisions in the note and that includes other obligations apart from making the monthly loan payments. You also agree to keep the property adequately insured against loss and to keep your property taxes current. The municipal expenses for real property must be paid on time. If you default on any of those other obligations and the bank must advance money to pay them in order to protect its interest in the property, you must reimburse the bank or it can foreclose.
I owner financed a 5-plex 18 month payoff schedule for refinance Property valuations down they can't get new loan Note now due threatening BK on me Do I take back how will BK effect me?
Since you are the owner you are basically the bank just as a company such as bank or America or wells Fargo. If a person is seeking to file bankruptcy you will be listed as one of the creditors in their bankruptcy schedules. If they are not behind on payments at this time you can not do anything until they are behind 90 days depending on your state guidelines. If they are behind in payments you will need to consult with an attorney or do it yourself and start the foreclosure proceedures. Once you have started the process you will need to file the correct paperwork to get posession of the property. So yes, you will need to take the property back, but must file the correct paperwork to complete the process. It will not affect you if you own the property free an clear. If you do not own the property free and clear you will need to start making the payments to your lender. www.lowermymortgageratestore.com
Can a finance company repossess your car when you lose your job?
Only if you stopped making payments and are behind on your on your payments.
How can you keep from going to jail if you are behind on child support payments?
Catch up on your child support payments.
Why is it important to make payments on time?
If you fall behind on payments you may often receive late charges.
