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Can you surrender your interest in bankruptcy and if so can you then be foreclosed on?
Wiki User
∙ 15y ago
If you voluntarilarly surrender your interest, you give up your ownership and right to possession. Your out and you don't own anything to foreclose.
Wiki User
∙ 15y ago
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What can you do if you have completed bankruptcy and the lender has not foreclosed the home and you are continuing to pay HOA?
You may be able to enjoy your home so long as the bank delays its foreclosure process -- or you can pay your mortgage and sleep better at night.
Are you obligated to make house payments if you file chapter 7?
Yes. A bankruptcy does not cover Housing so the debt will not be wiped out. Either pay or surrender the property.
After a relief from stay is granted to the mortgage company is the property still a part of the bankruptcy estate or does the mortgage company now have ownership rights to the property?
It is still yours until foreclosed formally...the stay just means they can do so.
Can bankruptcy discharge interest on legal penalties?
Probably...understanding that many imposed are written so they become part of the penalty legally.
If a married couple no longer living together own a house and one files bankruptcy should the person filing bankruptcy surrender the house so other can keep house or will it cause other person to lose?
The party that filed bankruptcy will be protected as far as the collections process is concerned. The bank will in response expect the party who has not filed bankruptcy to make all the remaining payments. If this happens, you may want to consult with a lawyer ASAP so that you are making payments on a house that will be co-owned by an X.
Are mortgage interest rates lower than they were a few years ago?
Yes the rates are lower. In fact they have never been lower so if you want to buy this is the best time to do it as there are many foreclosed and auction houses on the market today.
Where to check out foreclosed homes in va at?
If someone wanted to check out foreclosed homes in Va at there are a variety of places where someone can do so. Some of these places are foreclosures, zillow and Yahoo homes.
What is a sentence with the word surrender?
We shall not surrender!He did not surrender his gun when the officers ordered, so they shot him.
Where can one learn more about foreclosed property?
Foreclosed property is a legal term for when a lender tries to get their outstanding loan paid. The property owner defaults on payments so the property needs to be recovered.
Auto Loans for Bankruptcy?
Take any offer for auto loans for bankruptcy with many grains of salt. Very few lenders will lend any money to anyone who has recently declared bankruptcy, and any lenders that do offer such loans will do so at very high interest rates with very high penalties for late payment and default. Since you cannot declare bankruptcy again if you default on a loan soon after bankruptcy, auto loans for bankruptcy are risky for you but very profitable for unscrupulous lenders who prey on bankrupt individuals and entice them to take out loans before they have a chance to rebuild.
How to say so I surrender in German?
I surrender = Ich ergebe mich I surrender = Ich gebe auf
401k and bankruptcy?
I believe new bankruptcy law exempts all retirement from being touch during bankruptcy so it should be safe
