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Can foreclosure on an investment property result in seizure of other personal real property or other assets?
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What is the correct spelling of forclosure?
The spelling is foreclosure (involuntary seizure of property used as collateral).
Does the furniture go with the condo you foreclosed on?
In a foreclosure ONLY the real estate is affected. Unless the condo was originally purchased fully furnished - the furnishings are the personal property of the owner who was foreclosed on and are not subject to seizure by the lender.
What are the laws governing bank foreclosure seizure and sale of homes in California?
Please see http://www.foreclosurelaw.org/California_Foreclosure_Law.htm. There you will find a summary of foreclosure laws in California.
What types of property cannot be seized in a property seizure?
There are several types of property that cannot be seized in a property seizure. This type of property includes clothing, bedding, food, medicine and kitchen items.
What is the name of the law where they can take a criminal property away from them?
seizure?
Word meaning Violent seizure of property?
the answer is 'rapine' rapine is the answer.
How can a judgment for credit card debt be executed in Pennsylvania?
A creditor judgment can be executed as a wage garnishment or bank account levy or seizure and sale of non exempt personal property or a lien of a possible forced sale of real property held by the debtor.
Which legal status of an individual is most associated with filing chapter 13?
One files a chapter 13 to claim bankruptcy. A chapter 13 allows a person who is severely in debt to be able to pay off their debts over a period of years without resulting in foreclosure or seizure of property.
In Indiana if your home goes into foreclosure can they take your 401K retirement savings for payment of balance?
Unlikely. With few exceptions, 401K/IRAs are exempt from seizure.
What are non-exempt assets?
Real or personal property that can be seized by a judgment creditor for repayment of the debt. In most US states garnishment is usually the first choice of executing a judgment, followed by bank levy or the seizure and sale of non exempt property (stocks, bonds, etc.) or a lien against real property.
What happens when a collection becomes a judgment?
States establish the type and amount of real and personal property belonging to the debtor that can be attached by creditor judgment. In most states a judgment can be executed as a wage garnishment or bank account levy or lien against real property or seizure and liquidation of non exempt property belonging to the debtor.
Can a director give a personal guarantee for a loan?
He can but should not. A personal guarantee defeats any corporate shield against seizure of personal assets.
