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Can a loan company come and get your property even if your not the one who took out the loan?
Wiki User
∙ 14y ago
If you are talking about Federal guaranteed student loans, then the answer is no. Federal collection agencies do not repossess property.
Wiki User
∙ 14y ago
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Can a title loan company repo your car on private property?
Yes they can
What is the meaning of property loan?
A property loan in which property is used as security purpose, Where the borrowers enters into an contract with the loan company where in borrower receives cash upfront of then makes payment in a time period until he pays back the lender in full
Your wife co signed for her son a loan if he defaults can they come after property she and you have jointly even though you did not co sign?
Short answer, yes. Even though you are on the property jointly, she is a responsible party on the cosigned loan. As such, she owns the cowned property same as you. If you own a car together, for instance, she owns as much of the car as you do. It is her car. It is still your car, but for the purposes of securing satisfaction for the eventual judgment on the other loan, she owns the car.
Can a debt collector legally come to my home or workplace?
Can a loan company come to your home to collect payment? Personal Loan...
If i didn't pay my title pawn and they don't come get my car what can i do about the title?
Assuming you used the car's title to guarantee the loan - IF you fail to repay the loan, they can repossess your car ANY time they want to ! The title of the car remains the property of the loan company until you repay your debt.
Can world finance loan company come pick YOUR car up?
First, you explain what "world finance loan company" IS; no such critter exists.
Can a loan company apply for an order to repossess property it is not secured on?
No they can not, it does have to be a secured ( that's the key word ) debt
What is a loan when you buy a property?
The loan to buy a property is known as a mortgage.
Can you sell a mobile home before it goes to foreclosure and do you have to give that money to the mortgage co?
Of course you have to give the money to the mortgage company. You own the mobile home subject to the loan you got to pay for it. An intelligent buyer will make certain the loan is paid or they will take possession of the property subject to your lien.Of course you have to give the money to the mortgage company. You own the mobile home subject to the loan you got to pay for it. An intelligent buyer will make certain the loan is paid or they will take possession of the property subject to your lien.Of course you have to give the money to the mortgage company. You own the mobile home subject to the loan you got to pay for it. An intelligent buyer will make certain the loan is paid or they will take possession of the property subject to your lien.Of course you have to give the money to the mortgage company. You own the mobile home subject to the loan you got to pay for it. An intelligent buyer will make certain the loan is paid or they will take possession of the property subject to your lien.
How do i find out who mortgaged someone's home?
A property can only be mortgaged by someone that OWNS the property. A mortgage is a loan that is secured by the value of the property. I cannot get a mortgage on property that I do not own, since I have no right to that property. The mortgage company would be considered a lien holder- they have a claim against the property for as much as the unpaid amount of the loan. Lienholders will be listed on the deed to the property, which is recorded by the County Clerk or Recorder.
Can you get a home equity loan on your rental property?
If you are renting the property from someone else and do not own it, no, because a home equity loan is like a mortgage. The lender has a lien on the property if you default on the loan. If you are the owner of a property and rent it out, yes you should be able to get a loan with the property as security.
What is cosigned?
A cosigner is the person who agrees to pay off the full balance of the loan if the primary borrower fails to pay. A cosigner signs the loan documents and guarantees payment of the loan even if they have no ownership in the property covered by the loan.
