0
Can a foreclosure cause lenders to take money from savings account Ira's and checking accounts?
Wiki User
∙ 16y ago
The rules that apply in a foreclosure are based on the state and the actually agreements signed by the borrower. A borrower can have still owe money to the lender after the foreclosure has completed if the process allows for a deficiency judgment. Pension accounts and other similar things are normally protected from claims. To really understand the fine details you would need to seek an opinion from a lawyer who is licensed to practice in the state where the property is located.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
Can your mortgage lender sell you a home they own?
Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.
Which payday loans accept starter checks?
Lenders actually require a checking account and routing number. Storefront lenders will accept starter checks as well. David Schmidt, PLDR
Which payday loans accept AccountNow Visa because I do not have a checking or savings account?
No traditional payday lenders will accept an AccountNow Visa card in the event that you don't have a checking account. Accountnow does offer a payday lending product, however, to cardholders.
Is it possible to get a payday loan without a debit card?
you only need checking account Other lenders might also require you to have a full time job and have direct deposit set up. It varies with lenders.
Why do lenders make loans to people without checking their credit?
In the current credit environment (2010), the only lenders that make loans to people without checking their credit history are payday lenders, auto title lenders and pawn shops.
Can your mortgage lender sell you a home they own?
Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.
Can the lender freeze bank accounts?
In most cases, lenders cannot freeze bank accounts. They can, however, in some cases collect money from a bank account without permission from the account owner. That takes a judge's intervention. Most lenders will not go that far.
Do banks or homeowners have foreclosure auctions?
Lenders will occasionally have foreclosure auctions. Homeowners will often sell their property to avoid foreclosure.
Which payday loans accept starter checks?
Lenders actually require a checking account and routing number. Storefront lenders will accept starter checks as well. David Schmidt, PLDR
Which payday loans accept AccountNow Visa because I do not have a checking or savings account?
No traditional payday lenders will accept an AccountNow Visa card in the event that you don't have a checking account. Accountnow does offer a payday lending product, however, to cardholders.
Is it possible to get a payday loan without a debit card?
you only need checking account Other lenders might also require you to have a full time job and have direct deposit set up. It varies with lenders.
Why do lenders make loans to people without checking their credit?
In the current credit environment (2010), the only lenders that make loans to people without checking their credit history are payday lenders, auto title lenders and pawn shops.
Where can one get a loan to stop a home foreclosure?
When facing foreclosure, the first thing to do is to try to get a loan from your current lender. If that fails, try getting a loan from other lenders such as Fannie May and Freddie Mac. If that fails, turn to private lenders.
How long does foreclosure stay on your credit?
7 years. Lenders will set underwriting guidelines for how much time must pass after a foreclosure before they will lend to you again, but the acutal reporting lasts 7 years. Some lenders will extend credit if the foreclosure is not within the last 2 years, 3 years, or 5 years depending on their policy.
You do not have a checking account or saving account and need a loan?
If you do not have a checking or savings account, it may be challenging to get a loan from traditional lenders. However, you can explore alternative options such as online lenders, peer-to-peer lending platforms, or credit unions that may have different requirements. You may need to provide alternative forms of documentation, such as proof of income or collateral, depending on the lender's requirements.
Can i get a loan after a foreclosure?
Foreclosure can ruin your credit. When you apply for credit, lenders will look at your credit report. Foreclosure stays on your credit for 7 years. However this does not mean that you cannot get credit after foreclosure. You may not get credit immediately after foreclosure. However if you have taken steps to repair your credit immediately after foreclosure, lenders will be willing to consider your application positively. But you may have to pay more interest and provide collateral. Lenders understand that people go though financial up and downs. You must show that you have learned from your past financial mistakes. Even if you the general banks and lenders are reluctant to lend to you, there are lenders who specialize in lending to individuals who have been in foreclosure. Legal Disclaimer: The answer above should not be relied upon as legal advice. The information provided above is based on insufficient facts and only speaks to a general opinion based on those insufficient facts. No warranty is provided that the answer is correct. No attorney-client relationship has been formed with me until a signed written contract is complete. For an official opinion, it is advised you seek legal counsel.
What conditions are required for a foreclosure in Phoenix Arizona?
The requirements for a foreclosure in Phoenix, Arizona will vary depending upon the lender your loan is with. All lenders have different criteria for repossessing houses.
