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How do you back a real estate mortgage?
Backing a real estate mortgage involves using the property as collateral for the loan, securing it until repayment.
WHAT IF Residuary beneficiary owes money to estate?
The estate can require that the beneficiary pay the money back. Or they may offset the amount against what they get. If there is anything left over, there shouldn't be a reason to make them pay it back.
How do you get your earnest money back after failed real estate deal?
You need to review your contract to determine how and if you can get your deposit back.
Your husband passed away leaving an estate He had 3 bank loans 2 unsecured your name is not on any loan docs Are you responsible for paying them back?
Well, the estate is responsible for paying them back, so the money will come out of the estate, which will mean that you will inherit less money from it. So in a way, you will be paying back the loans. That or the bank will put a lien on the property to secure their debts.
What does BOM mean in real estate financing?
IT is not common to see BOM being used in real estate financing, it is a commonly used abbreviation for "Back On Market." This could be because the financing fell through, causing the seller to put it back on the market.
Does the decease estate continue to alimony?
In the US, alimony terminates upon death. If there is back alimony due that's a different matter.
How do you pay a deceased persons bills if they have no estate?
You don't. You open the estate, collect all the debts, liquidate all the assets and pay what you can. If there are more debts than assets, people don't get all their money back.
After the divorce is final can one partner go back to court for alimony?
It should have been addressed in the original action, but there is nothing barring the ex-spouse from going back and filing a motion for alimony.
Could I go to jail for unpaid back alimony ..when I dont have a job and she dissapeared right after the divorce..I haven't heard from her in several years ..now she wants alimony..?
no
Do you have to pay alimony if unemployed?
If you are court ordered to pay alimony, losing your job does not automatically negate that order. However, it may give you grounds to go back to the court and request a modification of the order, terminating the alimony obligation. If you are in the process of a divorce and become unemployed, it is unlikely that you will be ordered to pay alimony, but not impossible.
In New Jersey once you deny alimony can you go back to court to get it?
Only on appeal.
In California if non-custodial father remarries does the ex have a right to go back and seek alimony?
As a means of punishing him for moving on with his life? Alimony would have been ordered at the initial divorce, not later.
Who is responsible for back taxes owed by deceased with no estate?
The person(s) who control any property left behind by the deceased.If the taxes exceed the value of the property, then the government will not be able to collect the difference.
In Florida if you were awarded temporary alimony and your husband won't pay what are your options?
Type your answer here..Take him back to court.
What reasons are there to garnish wages in NJ?
There are a few reasons why wages can be garnished in the state of New Jersey. Reasons include back child support, back alimony, or back taxes.
Can you collect back pay after death?
If you are dead, you dont need it. No, you can not collect if you are dead.
Can your ex-wife wipe out what she owes you in back alimony and in future alimony by filing bankruptcy?
An alimony obligation cannot usually be discharged in bankruptcy, but must be paid in full, with two important exceptions. If a divorce decree specifies that an obligation to a spouse is alimony, but the obligation is not actually in the nature of alimony, then the obligation can be discharged in bankruptcy. For example, if the divorce decree states that the husband is to pay a marital debt to XYZ Corporation, and further specifies that the husband's payment of the debt shall be treated as alimony, the husband may arguable have the ability to discharge such debt in bankruptcy even though the divorce decree calls his payment of the debt alimony. Also, in certain instances an ex-spouse may be able to discharge an alimony obligation if the obligation has been assigned to a third party. For example, suppose John and Mary Doe divorce. John is ordered to pay Mary alimony of $500.00 per month. John does not pay the alimony and Mary, who needs the money, assigns the right to collect alimony to her father, who gives Mary the $500.00 per month in return for the assignment. Mary's father now owns the right to collect the alimony from John. If John files bankruptcy then the alimony obligation can be discharged to the extent it has been assigned to Mary's father. The United States Bankruptcy Code (Title 11 of the United States Code) states in Section 523 that: (a) A discharge under Section 727, 1141, 1228(a), 1228(b), or 1328(b) of this title does not discharge an individual debtor from any debt . . . (5) to a spouse, former spouse, or child of the debtor, for alimony to, maintenance for, or support of such spouse or child, in connection with a separation agreement, divorce decree or other order of a court of record, determination made in accordance with State or territorial law by a governmental unit, or property settlement agreement, but not to the extent that (A) such debt is assigned to another entity, voluntarily, by operation of law, or otherwise (other than debts assigned pursuant to § 402(a)(26) of the Social Security Act, or any such debt which has been assigned to the Federal Government or to a State or any political subdivision of such State); or (B) such debt includes a liability designation as alimony, maintenance, or support, unless such liability is actually in the nature of alimony, maintenance or support . . . .
