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Fairly clearly, virtually everyone in foreclosure is in severe hardship...not voluntarily. Your not paying on the debt is causing hardship to those that invested or planned on receiving the income you know? Just look at all those losing their jobs because the loans made by the Cos they work for aren't being paid on! So, no.
Answer
"Lack of planning on your part does not create an emergency on my part." The best thing to do when you run out of money is to come up with a plan. No one likes to lose a home, but the sooner you face the facts and take care of the issues, the sooner you can get back on track. Visit a non-profit credit counseling agency to look at the alternatives. If the bank agrees, you may be able to catch up over time, but it is not a guaranteed option.
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∙ 12y ago
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What are the rules concerning eviction of tenants due to foreclosure and sale of property?
Last year's Protection of Tenants in Foreclosure Act required the succeeding owner after foreclosure of a federally related mortgage to give the tenants a 90 day notice to quit.
Is it due to hardship or do to hardship?
"it is due to hardship"---------------------Above is correct.the verb "to do" means " to perform or execute"while "due to" means "as a result of"
Sample hardship letter due to divorce?
sample letter of hardship due to divorce
Is there still a past due amount on your credit report after foreclosure?
The foreclosure will be on your credit report indefinitely.
Is it legal to write off medicare coinsurance due to financial hardship?
It is solely the provider decision to write off medicare coinsurance due to hardship.
Is a hardship letter due to a layoff?
A hardship letter is often due to a layoff but can come as a result of many different circumstances in life. At its root, a hardship is simply an inability to pay one's bills and buy food.
What is the foreclosure sale price?
The balance due to the creditors.
Can someone be evicted in court despite having moved due to constructive eviction?
If the court agreed that there was constructive eviction, then it doesn't make sense they would support a landlord's pursuit of eviction. The tenant should present to the court the basis of the claim of constructive eviction.
How do I write a letter of hardship due to spouse was in car accident and need for insurance company?
help me write the hardship letter
How do you stop foreclosure in NJ?
Consult a NJ lawyer for specific answers. Obviously, paying the arrears due is the best way. You can apply for a loan modification, but some mortgage companies play with the process so the foreclosure continues. A local bankruptcy lawyer can tell you whether your mortgagee is one of them. The only guaranteed way to prevent foreclosure is to file for bankruptcy protection in a chapter13.
What happens after a judgement of foreclosure on a mortgage?
although itis principle of law that amortgage isalways mortgage.but foreclosure is rule due to which the last benificiary receive the money from property after using his right of foreclosure.
Can you sue a tenant for the remaining rent due on the lease after an eviction judgment has been issued by the court?
Absolutely! Most of the time when you evict a tenant you want to supplement the eviction by a judgment for damages to include, but not limited to, past due rent. A judgment for both eviction and the damages will then be posted on the official records of the clerk's office.
