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During foreclosure can private possessions be taken as collateral?
Wiki User
∙ 15y ago
No only the house is the item that is being foreclosed on unless it is a federal tax lien or certain other foreclosures.
Wiki User
∙ 15y ago
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Can you move during a pending foreclosure?
can you get a life
Can you sell your house during foreclosure?
Yes. The new owner would take subject to the foreclosure as well as yourself.
What is foreclosure during the great depression?
foreclosure is when a business is shut down because they are not selling their products or they are doing paying the bills.
What happens if the person filing for foreclosure dies?
A person doesn't "file for foreclosure". A bank or other lender takes possession of property by foreclosure procedure after the owner (mortgagor) of the property has defaulted on the mortgage. The procedure varies in different states. If the mortgagor dies during the foreclosure proceeding the lender can continue the foreclosure process against the estate. The death of the mortgagor may delay the proceedings until the heirs have been given notice of the foreclosure, depending on how far along the foreclosure has progressed. If the mortgagee (lender) dies during the foreclosure proceeding their estate representative can continue the foreclosure once appointed by the court.
What happens during a property foreclosure?
During a property foreclosure, the lender sells one's mortgages house and use the sales proceeds to pay off the outstanding balance on the mortgaged loan.
What are your rights during a foreclosure on your home?
It actually depends on your state, as the foreclosure laws are set by state. There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure.
What personal items will you lose during a foreclosure?
in virginia, do you get to keep personal items after a foreclosure or do you lose everything you own inside the house also
What possessions did the Jews get to keep during the hocaust?
eventually none.
What possessions did the Jews get to keep during the Holocaust?
In most cases they lost everything - their property (including personal possessions), their liberty and their lives.
Who is responsible for a property still in the foreclosure process once you vacate the premises?
You are responsible for the property during the foreclosure process up until the property is sold or auctioned.
Will chapter 7 bankruptcy stop a foreclosure in California?
Yes, temporarily. Filing for bankruptcy protects your from collection actions taken by your creditors, including foreclosure during the proceedings.
Are bank accounts safe during a foreclosure?
As to the foreclosure of a property itself...(presuming they don't have rents/deposits or such received from the property), generally not involved. From any of the other financial issues your probably dealing with, that may even be allied to the property foreclosure.....at risk.
