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Can a house be foreclosed on if you have only signed a costruction loan but no final loan aggrement?
Wiki User
∙ 16y ago
The answer is Yes, the construction loan is considered a regular mortgage. So if you stop paying the mortgage, it will forclose and show on your credit report.
Wiki User
∙ 16y ago
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If the borrower doesn't make any payments will the bank sue or go after cosigners first to get payment or will they foreclose?
Notices of default will be sent to the borrower and co-signers, then notices of final opportunity to pay, then notices of foreclosure. Once the property is foreclosed and auctioned, the borrower and co-signer may be sued to cover any remaining deficit on the loan.
Will a foreclosure on a construction loan have the same effect as foreclosure on an existing home?
Short Answer: Yes. You signed paperwork on the construction loan that would be very similar to the final loan. They will foreclose and sell the house at a sheriff's sale.
If my Loan application has been accepted by the underwriting department have i got the loan?
If the loan application has been accepted by the underwriting department, it usually means you have been approved for a loan. Until the paperwork is signed, a loan offer is not final.
If you filed bankruptcy and it was final and a reaffirmation agreement was signed but discharged by the courts you have always been current on your car payment can you keep the car and continue paying?
Long as you put it in your reaffirmation so that it will not be part of your bankruptcy you will be able to keep it. Same thing as with a house. Just as long as it was part of the agreement that it was not included in your bankruptcy then you are o.k.
What is a 'summary' in math?
The final answer. Could mean write a paragraph on why (x) is the final asnwer.
In Texas is a divorce final if the judge and both particpants have not signed the final dissolution document?
No, if the judge has not signed the final dissolution petition the marriage has not legally been dissolved.
Where was the final peace treaty signed?
1779
When is a divorce finalized in the state of California from the time the first person served the other or when the other one contests it?
Neither is correct. A divorce becomes final after the judgment of divorce is signed by the judge.Neither is correct. A divorce becomes final after the judgment of divorce is signed by the judge.Neither is correct. A divorce becomes final after the judgment of divorce is signed by the judge.Neither is correct. A divorce becomes final after the judgment of divorce is signed by the judge.
Does a final dispostion form have to be signed by a judge?
yes
Can you make a Final Fantasy dissidia character?
no. Signed, Phoenix
What happened September 1787?
The final draft of the Constitution was signed
What was the month was signed by the delegates at the constitutional convention of 1787?
The delegates signed the final Constitution on September 17th, 1787.
Are you liable if your spouse has a foreclosure but your name is not on the loan or the final deed when it was signed back to the bank?
The liability in foreclosure comes from the responsibility for the mortgage debt. Regardless of your legal ownership or interest in the home, you do not have liability for the mortgage debt if you are not a party to the loan (did not sign). The home is the collateral for the loan and can be foreclosed and sold as recourse when the loan goes into default. While everyone who has an interest in the home loses their rights to the home when it is foreclosed, the liability for the loan and any negative actions associated with that (collections, lawsuits, negative credit reporting) belong solely to the signers on the loan.
What games does lightning come in Final Fantasy?
all of them Signed, Phoenix
What game station is Final Fantasy dissadia for?
PSP Signed, Phoenix
Does a final dispostion form have to be signed by the judge?
yes i would think
Is a uncontested divorce ever final if the last papers are not signed?
A divorce is only final after the decree has been signed by the judge and entered into the record. Some states have a waiting period before the parties can remarry.
