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Can they take your personal property if a used car is repossessed?
Wiki User
∙ 15y ago
yes
Wiki User
∙ 15y ago
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What are the laws in Michigan on manufactured home repossession?
If a borrower defaults on loan payments for a manufactured home in Michigan, the creditor can take the manufactured home. If the manufactured home is real property the repossession and foreclosure is on the manufactured home alone. If the home is being used for residential purposes, the home is repossessed according to personal property laws.
What is business personal property?
Any personal property used to generate income.
Will pawn shops take pewter?
Any item of personal property, used as collateral, may secure a loan
What is personal business?
Any personal property used to generate income.
Mortgage on personal property?
Generally, mortgages are for real estate. Liens or secured loans are used for personal property.
What is the difference between personal property and contents?
The terms personal property and contents can sometimes be used interchangeably. Many times personal property and contents both refer to the items you own.
Is a deed used in both real property and personal property?
Deeds are the legal instruments used to transfer ownership of real property. Ownership of some personal property is done via certificates such as Certificates of Title for transferring title to motor vehicles.
You cosigned for a house and now they are letting it go back you have got some farm land that is in a family partnership If the house is repossessed can they take your land?
Ouch - that is going to hurt your credit. The bank/lender can only foreclose upon they property they have a lien against. If the farmland in question was used as collateral or as part of a down payment then the bank/lender would have a right to it. Banks/lenders cannot take other personal or real property that you may own other than what they mortgaged.
If the police search and seize a resident can they take a safe that contains old money and personal property and not give it back especially if it wasnt used in court?
No
What is cost segregation used for?
Cost segregation is a way to separate out personal property that is bound to real property. Personal property depreciates faster, so separating it out can give the organization tax advantages.
Which nations controlled Congo?
Used to be the personal property of the King of the Belgians!
What is the definition of personal effects when used in a will?
Anything that is not real property or negotiable securities. A house, boat or car is titled property and not personal effects. Pretty much everything else is chattel or personal effects.
