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Can a creditor place a lien on your property if you and he have agreed to a monthly payment schedule and you are making the payments?
Wiki User
∙ 17y ago
Yes, if you have agreed that the house will be used for collateral.
Wiki User
∙ 17y ago
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What is the word for money paid monthly on a property bought?
A property that is bought by means of monthly payments is said to be paid by installments.
What is the formula for finding the amortization schedule for at least 3 monthly payments of a 30-yr loan?
The mortgage lender will supply the borrower with a complete amortization schedule when requested. The schedule will show previous payments made and the application of all future payments until the completion of the loan.
Can a bank go into your checking account and take money out If I am overdue on credit card payments?
It depends. If:you have a monthly loan repayment agreement with the creditor wherein the creditor automatically deducts your monthly payments from your savings account oryou have defaulted on your loan payments for more than 2 or 3 months and haven't contacted the creditor reg. the sameThen, the creditor can withdraw money from your account (if there is any cash available) towards your loan repayment. Otherwise the creditor cannot deduct any money from your account without intimating you.
How can one lower credit cards monthly payments?
The best way to lower one's monthly credit card payments is calling the card issuer and explaining why one wishes to lower the rate. Depending on the creditor they may extend the due date.
What is a mortgage amortization schedule?
mortgage amortization schedule is just the estimates of your monthly loan payments. You get a good one based you the percentage rate and how long the loan is for.
What is an amortization schedule calculator?
An amortization schedule calculator is a calculator that offers you help in figuring out your monthly loan payments. It is a financial aid used to help you save money.
Can a collection agency report you to the credit bureau if you are making monthly payments on your medical bill?
If the debt was properly assigned by the original creditor, yes. If you are making payments to the Original creditor than ask them to pull it back from there Collection agency, then dispute with the CRA's and when they update it should delete
How much down and what are your monthly payments ?
How much down and what are your monthly payments
What does monthly housing payments mean?
It means that you have to make monthly payments on your house.
Can an account be sent to collections if you are making monthly payments?
Yes, an account can still be sent to collections even if you are making monthly payments. If the payments are not meeting the agreed terms or if the creditor believes the account is at risk of defaulting, they may send it to collections to recover the debt. It's important to communicate with your creditor and try to negotiate a manageable payment plan to avoid the account being sent to collections.
Who pays for property tax?
Usually the owner of the property is the one that pays the property taxes on the owners property. Some time the mortgage company will pay them from a escrow account but the money that is in the escrow account comes from the property owners monthly payments.
Can a property from probate estate be rented out monthly if there are creditor claims?
In most cases, a property from a probate estate can be rented out monthly even if there are creditor claims. The income generated from the rental can be used to satisfy those claims after other expenses related to the property have been paid. It's important to consult with an attorney or probate professional to ensure you are following the proper legal procedures.
