answersLogoWhite

0

Yes. Foreclosure is not due to lack of money, but is due to failure to make payments on the debt in a timely manner.

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

Can you get back money from the bank that sold my foreclose home?

Not very likely


If you own two homes can you foreclose on one and the bank not take the new one your living in?

The bank will only take the home they foreclose.


Can a bank foreclose when the original loan does not have the necessary signatures?

This very thing became an issue with Bank of America and Chase in Florida in 2008. Since then, it has been extremely difficult for banks to foreclose without the proper documents. If you are facing foreclosure, contact an attorney (or your local legal aid office) for help.


Can a bank foreclose if you dont pay on a second mortgage?

Yes. The bank could foreclose and take possession of the property subject to the first mortgage.


Where can you buy a Canadian money order in Florida?

USPS will do money orders up to 1000, there is also Nat Bank (National Bank of Canada) branches in Florida


If a couple divorce and a quitclaim deed is to the bank can the bank foreclose on the house?

yes


If you were asked to accept a quit claim deed by a dying friend and there is still a mortgage on the home but you are not on the mortgage are you responsible if it goes into foreclosure in Florida?

You are not responsible for the loan. You simply have a right to any equity that might be in the home. The bank will foreclose, sell the house, and if there is any money left, you would be entitled to it.


How can a bank foreclose on a deceased person?

A bank can not foreclose on a deceased person. A bank forecloses on a piece of property when the mortgage has not been paid. There is a difference. If the deceased person had the money in the bank to pay the mortgage and the will is in probate, someone should tell the probate judge about the situation. In this state the probate judge has the authority to pay the mortgage. He also has the authority to make the car payment. The probate judge will not do anything unless someone tells him!


Can the bank foreclose on your home while you are still in the modification process?

yes


Can a collection agency foreclose on your house?

No, if you ever hear of it, it is just a scare tactic that some debt collection agencies use. The only agency that can foreclose on your house is the bank or lending institution that holds your mortgage. And they can only foreclose if you are way behind in your payments.No, if you ever hear of it, it is just a scare tactic that some debt collection agencies use. The only agency that can foreclose on your house is the bank or lending institution that holds your mortgage. And they can only foreclose if you are way behind in your payments.No, if you ever hear of it, it is just a scare tactic that some debt collection agencies use. The only agency that can foreclose on your house is the bank or lending institution that holds your mortgage. And they can only foreclose if you are way behind in your payments.No, if you ever hear of it, it is just a scare tactic that some debt collection agencies use. The only agency that can foreclose on your house is the bank or lending institution that holds your mortgage. And they can only foreclose if you are way behind in your payments.No, if you ever hear of it, it is just a scare tactic that some debt collection agencies use. The only agency that can foreclose on your house is the bank or lending institution that holds your mortgage. And they can only foreclose if you are way behind in your payments.No, if you ever hear of it, it is just a scare tactic that some debt collection agencies use. The only agency that can foreclose on your house is the bank or lending institution that holds your mortgage. And they can only foreclose if you are way behind in your payments.No, if you ever hear of it, it is just a scare tactic that some debt collection agencies use. The only agency that can foreclose on your house is the bank or lending institution that holds your mortgage. And they can only foreclose if you are way behind in your payments.No, if you ever hear of it, it is just a scare tactic that some debt collection agencies use. The only agency that can foreclose on your house is the bank or lending institution that holds your mortgage. And they can only foreclose if you are way behind in your payments.No, if you ever hear of it, it is just a scare tactic that some debt collection agencies use. The only agency that can foreclose on your house is the bank or lending institution that holds your mortgage. And they can only foreclose if you are way behind in your payments.


If a husband dies will a wife be responsible for the mortgage debt even if she is not on the note?

His estate will be responsible for the mortgage. Assuming the wife is not on the deed, if the mortgage isn't paid the bank will foreclose and take possession of the property covered by the mortgage. If the wife is on the deed and she consented to the mortgage the bank can foreclose. If she is on the deed and did not consent to the mortgage then the bank had a defective title and may not be able to foreclose.


What limit can you put in a checking account in Florida?

what limit of money can you put in your checking account in Florida bank of America