0
Are you able to keep property in another state that you have paid off in full if you foreclose on your home?
Wiki User
∙ 15y ago
The foreclosure should not affect your other property.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
When there are two names on a deed can one get a mortgage loan or do both parties have to sign for the loan?
Al the owners must sign the mortgage or the bank will not be able to foreclose on the property in case of a default. If there is another owner you cannot grant a mortgage on their interest in the property.Al the owners must sign the mortgage or the bank will not be able to foreclose on the property in case of a default. If there is another owner you cannot grant a mortgage on their interest in the property.Al the owners must sign the mortgage or the bank will not be able to foreclose on the property in case of a default. If there is another owner you cannot grant a mortgage on their interest in the property.Al the owners must sign the mortgage or the bank will not be able to foreclose on the property in case of a default. If there is another owner you cannot grant a mortgage on their interest in the property.
Can Washington state hoa foreclose?
Unless the state of Washington is in possession of a judgement against the HOA, the state may not be able to foreclose on an association. An association in Washington State, however, may foreclose on an owner if there are debts owed to the association by the owner.
Can you take ownership of property by filing a lien?
No. A lien doesn't give you ownership. First, you must sue in court and win to obtain a judgment lien. A homeowner cannot sell or mortgage their property until a judgment lien is paid. You may be able to foreclose on the judgment lien in your state. If the lien isn't paid you can consult with an attorney in your state regarding how to foreclose on a judgment lien. Legal costs may be expensive.
How do you foreclose on real estate that you have a mortgage on?
Foreclosure laws are different in each state. I would contact an attorney in the state where the property is located. If you are a consumer wondering how the process will look a local real estate agent will likely be able to give you a quick course and help you decide what your best options are.
Can a town foreclose on past due property taxes and take your home?
Absolutely, they can. A lien will be placed on the property which prevents you from being able to sell the property or mortgage it without paying the property taxes. The last resort is that they can have an auction and sell the property on the Courthouse or City Hall steps with the new buyer being subject to pay the taxes owed on the property. If you wait this long you cannot bid on the property yourself.
If a husband dies will a wife be responsible for the mortgage debt even if she is not on the note?
His estate will be responsible for the mortgage. Assuming the wife is not on the deed, if the mortgage isn't paid the bank will foreclose and take possession of the property covered by the mortgage. If the wife is on the deed and she consented to the mortgage the bank can foreclose. If she is on the deed and did not consent to the mortgage then the bank had a defective title and may not be able to foreclose.
Can a bank put a lien on jointly owned property when only one person is the named debtor in Virginia?
Certainly, there is no reason they can't. They may not be able to foreclose on the property, but if it is sold, the debtor's share will go toward the lien.
What property of a mineral being able to scratch another substance is known as color hardness crystal shape luster?
The property is hardness.
Can a loan be taken out on an undivided interest in property?
Theoretically, yes. However, it is unlikely you would find a lender willing to loan you money on less than a full interest such as a one half share in the property. When a lender loans money secured by real estate, it wants to be able to take possession of the the property by foreclosure if the mortgage isn't paid. If only one co-owner signed a mortgage the lender can only take their interest in the property. In order for a lender to be able to foreclose and take possession of the property, all owners must sign the mortgage.
Will I be able to deduct a portion of my local property taxes from my NY state income tax?
No. However, you can deduct property taxes from your federal tax liability.
Are wills in one state recognized in another state?
Yes, if a Will or Trust were on file in one state and the person died in another, their will is as legally enforceable in the second state as it was in it's original filing state. The issue is that only the probate court in the original filing state would have jurisdiction over the matter. So you would not be able to file a probate claim in the new state.
Can a homeowners association foreclose on property on which it has placed a lien?
MassachusettsThe Homeowner's Association could Petition the appropriate court for a judgment lien and if successful, record a lien against the debtors property. The property owner would not be able to sell or refinance the property without paying the amount owed which would begin accruing interest on the date of issue. Court costs would also be added to the amount owed.Washington StateRead your governing documents to determine the association's responsibilities and rights regarding foreclosure. Generally, if the association places a lien on your title, the lien is based on monies due from you which you have not paid.If the monies due are assessments, and your governing documents allow it, yes, the association can foreclose on your property and sell it to satisfy the debt that you owe.
