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Q: Do you need to pay back a USDA Rural Development loan after foreclosure?
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The importance of agriculture in rural development?

Agriculture is crucial for rural development as it provides livelihoods for the local population, contributes to food security, and supports economic growth. In many rural communities, agriculture is a primary source of income and employment, helping to alleviate poverty and improve living standards. Additionally, sustainable agricultural practices can promote environmental conservation and mitigate the effects of climate change in rural areas.


Can the former owner come back to get his belongings after a foreclosure?

Can former owner claim his belongings after foreclosure and the property transfered to new owner,


A house that is lost to foreclosure has been?

taken back by the lender


Can you stop the property from going to foreclosure 2 days before it will be foreclosed on?

Yes, by paying the back payments. Also, filing bankruptcy prior to the foreclosure will normally put a hold on the foreclosure proceedings.


Can a landlord sue for back rent if they lose the property in a foreclosure?

The tenant owes the rent to the landlord up the day of a foreclosure sale.


What to do if you mortgage holder sends your payment back and because they did it puts you in foreclosure?

get an attorney.


How can a Delinquent timeshare be reported as a foreclosure?

A timeshare is a similar contract to a house and requires regular payments. This can be reported as a foreclosure if you have abandoned payments and the company is taking back their property.


When a bank seizes and sells a home to get as much of its loan back as possible?

That is known as foreclosure.


What happens after a foreclosure?

Foreclosure is the legal process whereby a mortgage company takes your home back from you and sells it to recoup the money they loaned to you. if you intend not to foreclose it better file bankruptcy from the experts


Is a deed in lieu of foreclosure better than a foreclosure on your credit report?

Yes. Answer {| |- | This is where you are unable to pay for the house and you voluntarily give the house back to the lender. This is subject to a deficiency judgment yet counts as a "less serious" foreclosure on your credit. However, you lose your greatest asset, your home. |}


How do I avoid foreclosure on my home when I have lost my job?

There is only one way to avoid foreclosure - make your payments. Any other method merely delays the inevitable. In extreme cases, depending upon the state you live in, bankruptcy can temporarily stop the foreclosure process while you get back on your feet.


Is my 401k and IRA protected from foreclosure?

If by "foreclosure" you mean that the mortgage lender is taking your home back, yes they are prtected. However, if you really mean BANKRUPTCY, no, they are NOT protected, since they are assets you can use to reimburse your creditors.