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Technically, no. But, if you are still to pay a mortgage, then the seller may pester you into paying it when the cost is needed. It may be a case where you have to loan money from the bank, which is always a bad idea. You may also be given a time limit to be the mortgage, and if you do not comply, then, yes, they have legal right to take the house away from you.
Hope this helped.
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∙ 9y ago
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Will you have to sell your house if you go bankrupt?
You will not have to sell your house if you only have $12,000.00 equity in it.
Can you lose your house if you go bankrupt?
Yes. Absolutely. Common sense should tell you that you don't get to keep things of value if you don't pay ithers you owe.
Can you be a teacher if you go bankrupt?
Can you be a teacher if you go bankrupt ?
How many times can you go bankrupt in mn?
Once you go bankrupt you are out of the game so you can go bankrupt once
Did GMC go bankrupt?
General Motors did go bankrupt.
Can you-tubers go bankrupt?
Absolutely, anyone can go bankrupt!
What if Broadway went bankrupt?
they would lose everything
Can you bankrupt your water bill and still stay in your house?
Possibly, but the water company will probably discontinue service to your house. YOU go bankrupt. Not on a bill, or a this or a that. All your debts, and all your assets are included. Generally, your assets are used to pay your debts, with any excess debts being discharged. Yes, water bills are dischargeable debts. If you go bankrupt, your house and/or other assets may be used to pay your debts.
How much money did benadict Arnold lose when he went bankrupt?
well, if he went bankrupt, then he lost all of his money
How is the economic crisis a threat?
The businesses don't have enough money for employees so they have to let them go.Also the crapheads in the government are charging us higher taxes which with no job to pay for these taxes you go bankrupt and you lose your house and become a hobo.
How much does a licks franchise owner earn?
Nothing...In fact most Lick's franchisees lose money; some go bankrupt.
How can a broker go bankrupt in a stock market?
when he trades on his own .. he will go bankrupt
