No. A tenant has no ownership interest in the property and so the property is not available to their creditors.
No. A tenant has no ownership interest in the property and so the property is not available to their creditors.
No. A tenant has no ownership interest in the property and so the property is not available to their creditors.
No. A tenant has no ownership interest in the property and so the property is not available to their creditors.
No. A tenant has no ownership interest in the property and so the property is not available to their creditors.
Bank + Money = Debt Money+ House = Bank Gold + Paper= Money
To aid in ending the debt assumed by the Revolutionary War.
The Second National Bank was established to aid in recovering from the debt incurred during the Revolutionary War.
If you have equity, yes
Yes. The lien is simply a method by which a debt is secured. If the lien is on the house and the house is lost, the only thing the creditor loses is the security for the debt. The debt remains payable. If a person buys a house and borrows $100,000 to help pay for it, that person signs a promissory note to establish the debt and signs a mortgage to establish the bank's lien on the house as security for the debt. If the house burns down and there is no fire insurance, the bank has lost the security for the debt but it has not lost the debt. The mortgage (security) is useless because there is no house, but the promissory note (debt) remains in effect.
Subordinated debt is a debt that ranks lower than bank deposits. From this point of view subordinated debt can't be deposits
60billion is the debt of philippines in the world bank.
Secured debt is debt backed or secured by collateral to reduce the risk associated with lending, such as a mortgage. If the borrower defaults on repayment, the bank seizes the house, sells it and uses the proceeds to pay back the debt. Assets backing debt or a debt instrument are considered security, which is why unsecured debt is considered a riskier investment find more about PMI services in Florida United Financial Counselors contact with us.
No, if people could just refuse to pay on their home and the bank would write it off the loan as an uncollectable debt and you got to keep the house, EVERYONE WOULD DO IT. It would be a "free" house and very few people would pay their morgages. You got a loan from the bank in exchange for promising to repay the loan with interest. If you didn't make the payments, you agreed that the bank would get to take your house away from you and THEY would own it. If you cannot make the payments, then the bank will eventually have to write the loan off as a bad debt/uncollectable debt/bad loan. THEY WILL STILL OWN YOUR HOUSE. They are now going to sell your house to try to make SOME of the money back that they loaned to you. Even if the house sells for less than they loaned you, they will still have made SOMETHING on the deal.
bank and money is debt
Generally speaking, when Chapter 7 bankruptcy is declared, it means a person's debt exceeds their assets. If the amount of debt owed to a mortgage bank for a home, the bank has no interest in taking a home which will not cover the mortgage debt. All debts are wiped away.
Not all banks have debt factoring divisions.This criteria is dependent on several factors. It is best to check with your bank to find out if your local bank has a debt factoring division.