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No, that would simple be morally unethical unless you asked him first.
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∙ 15y ago
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What if the home is paid off and only 5000 in debt do you have to sell the property for probate?
If there is $5000 in other assets, no. But if the only assets are the home, yes, it will have to be sold to settle the debts.
The right to take sell or hold property as security or payment of a debt?
lien
Will the Property Brothers give us advice on how to sell our property quicker?
You can try writing the show on HGTV but it is unlikely the Property Brothers can give advice to everyone that asks.
In what situations can a credit card company force you to sell your home in Wisconsin?
If you have made a debt to them and you are not able to satify the debt they request the court take your property to repay the debt.
What is Mortgaged property?
Mortgaged property is real property that has been used as collateral for a debt. The mortgage lien remains on the property until the debt is paid. Generally the legal agreement signed by the mortgagor gives the lender the right to take possession of the property and sell it if the loan is not paid. That process is called a foreclosure.
If i don't pay credit card debt can they take my car that is paid off?
If Your creditor get a judgment against you they can sell what property you have to pay the debt. So the answer is Yes.
What sell first the real or personal to settle estate debts?
The executor makes the call. They have to get the approval of the court to sell real property, so personal property is easier. Consult a probate attorney in your area for assistance.
Are you responsible for a lien for POA dues on property you inherited?
Only if you want clear title to the property. If you fail to clear the lien, the property can be sold from under you. If the lien holder does not forclose you will still not be able to sell the property until the lien is satisfied. Just pay the debt, especially if it is valid. When you inherited the property, you inherited the debt.
Is the surviving spouse responsible for deceased spouses real estate loan in the state of Illinois?
It depends on whether they were listed on the deed. Most courts would rule that the spouse benefited from the debt and can be held responsible. The estate has to sell the property or settle the loan before she can inherit anything.
Is Ohio a non-recourse state for mortgage debt?
no....... the lender can go after you for up till 2 yrs after they sell the property.
In Ohio if you receive property in a will do you half to except it if so are you responsible for the debt?
You don't have to accept it. If there is a lien against the property, you would be responsible for it. Maybe you could sell the property, pay it off and keep the rest.
How can a ucc-1 help in a court of law?
The Ucc-1 is a document that is filed with a court in the jurisdction where the property that it concerns is located. It gives you a priority over everyone else to sell that specific piece of property if a debt is not paid to you. Usually, they are used when money is lent to someone to purchase equipment or other property usually used in a business. If the loan is not repaid, no one else can sell that property before you to satisfy the debt.
