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Repossession
Liens
Property Law

Can the lender put a lien up against property or take a percentage of your taxes in South Carolina?


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Wiki User
2015-07-15 18:37:04
2015-07-15 18:37:04

It sounds good but think about it. Do you think lenders will loan money knowing if the debtor defaults, they cant get any money from the loan? Check this link... http://www.scbar.org/public/probono.asp

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It's called repossession. The lender owns the property, the homeowner is making payments.

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The lender will take possession of the property by foreclosure.The lender will take possession of the property by foreclosure.The lender will take possession of the property by foreclosure.The lender will take possession of the property by foreclosure.

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To open an equity line of credit you need to discuss your needs with a lender. The lender will then obtain your information and run a credit check. If you pass the credit check, the lender will then make sure your property is free and clear of any judgments and/or liens. After the property is found to be free and clear, the lender will allow you to take out an equity line of credit loan against the property.

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You must pay the mortgage or the lender will take possession of the property by foreclosure.

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Yes. In the case of real property the lender always records some sort of lien on the property in the land records that allows the lender to take legal possession of the property if the note isn't paid.Yes. In the case of real property the lender always records some sort of lien on the property in the land records that allows the lender to take legal possession of the property if the note isn't paid.Yes. In the case of real property the lender always records some sort of lien on the property in the land records that allows the lender to take legal possession of the property if the note isn't paid.Yes. In the case of real property the lender always records some sort of lien on the property in the land records that allows the lender to take legal possession of the property if the note isn't paid.


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