Asked in RelationshipsLoansHuman BehaviorGinseng
How do you collect property back that you loaned someone?
May 27, 2007 4:58PM
Mabey tell the person that another one of your friends would like to borrow the item you lent them,weather it is the truth or not. Avoiding confrontations at all costs is best. Especially if it is a neighbor.
Asked in Mortgages
A mortgage is a loan given to someone and used to purchase property. The purchaser of the property is then responsible for paying back the entity that provided the mortgage as well as for paying fees and interest on the amount loaned. The deed and ownership remain with the lender until the mortgage has been repaid.
Asked in Repossession, Debt Collection, Breakups
How do you collect money owed How can i collect money that I loaned someone and is not paying back?
Unfortunately, unless a contract was signed by both of you then you might as well have put wings on the money. There are certain people that may borrow $20 - $50 from me and if they are in a bad way I know before I loan the money it's "bye-bye." Therefore, before giving money to someone I weigh the consequences.
Asked in Repossession, Immigration, Property Law
What happens to property when someone is deported?
Asked in Property Law, Federal Laws
What if somebody came on your property while you were not here but they were invited by someone else?
Asked in Law & Legal Issues
Can you get back property you gave someone in a relationship after its over?
Who is responsible for back taxes owed by deceased with no estate?
Asked in Loans, Liens, Property Law, Money Management
How can they put a lien on your property for a car loan?
How is a reverse mortgage satisfied?
Asked in Debt and Bankruptcy, Bankruptcy Law
You are in chapter 7 bankruptcy and i own property with your mother the property was just sold with a 30000 profit and the trustee gave the property back to us can the bank keep the whole profit from?
Asked in Loans, Monopoly (game)
What happens when you mortgage a property in Monopoly?
On the back of your property card you will see a Mortgage Amount (MA). To mortgage a property flip it over, and take the MA from the bank. If someone lands on the mortagaged property, they do not have to pay rent. However, when you own all the properties in one color, you double the original rent on the property card; even if one of the cards in the set of one color is mortgaged, the rent is still doubled (remember though, you do NOT collect rent on the actual mortgaged property). To un-mortgage a property, flip it back over and pay the MA back to the bank; also add 10% interest on the money you pay back to the bank. Then you can go back to using your property as normal. P.S. You can trade/sell a mortgaged property to another player. The property stays mortgaged though. As soon as they get that property, they must pay 10% interest of the MA to the bank EVEN if they DON'T want to unmortgage the property yet. If they elect to just pay the interest, but not the MA, the property stays mortgaged. Then when they want to un-mortgage it, they must pay the MA as well as another 10% in interest.
Asked in Property Taxes
What is a property tax sale auction?
Cities and Counties use property tax sales to collect delinquent property taxes. About 4% of property taxes are delinquent each year and this is the method the taxing authorities use to collect the taxes. There are two types of sales, tax lien sales, where they sell a lien on the property to an investor (who will earn a very attractive interest rate and get the property if they are not paid back), and tax deed sales where the taxing jurisdiction sells the property outright. To learn more about tax sales go to the related link.
Asked in Relationships
Does someone have the right to keep your corporeal property after dating?
Asked in Foreclosure
Can someone still buy a property with a Sale Pending?
Asked in Loans, Human Behavior
Why do you have to pay someone back after borrowing money?
Asked in Criminal Law, Capital Punishment, Crime
If someone breaks into your house and then starts to run and you chace them down are you allowed to kill them?
Asked in Travel & Places
Someone elses personal property left in your yard can you sell it?
Asked in Law & Legal Issues
How can get personal belongings back if it is on someone property with no tresspassing?
Asked in Repossession, Civil Process, Torts
How do you repossess your vehicle if you loaned it to someone and they are in another state?
If you loaned your sister money and she wants to put your name on deed to make sure you get it back eventually would joint tenancy be a smart idea?
Not really. As a joint owner of property, you will have additional obligations, such as property taxes, and liability to injured visitors, and so forth. What you really want is a "security interest" in the property, in the form of a mortgage that could be foreclosed in case of default, giving you possession at that time.