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A home can get repossessed in many ways, the most common reason is that they owner of the house has not payed the bank the loan that they took out so as to by the house, or that the person hasn't pay many bills so they take the equivalent of the unpaid bills.
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∙ 14y ago
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What can you do if your home gets repossessed?
Get a job
Can your furniture be repossessed if it is in someone else's home?
It can be aslong as they have permission to enter the home they cannot enter without permission or they can be arrested for breaking and entry
What do you do once your car has been repossessed?
I have a welding machine on the truck they repossessed can they keep that?
Can jewelry be repossed?
I'm assuming you mean repossessed. In theory it can be repossessed, but it is virtually impossible to enforce.
If you have never had a car repossessed you have had a house repossessed Can I still get a car loan?
Most likely not depending on what financial situation you're in.
What can you do if your home gets repossessed?
Get a job
Can you be sued if you let your mobile home be repossessed?
You can be sued by the finance company to recover any money still owed to them after they auction the repossessed mobile home.
What happens if a police officer's house is repossessed?
then theyre out of a home
Do you have to pay federal tax on a repossessed home?
The home was repossessed in 2005, the FMV and principal balance were both 133,252. The adjusted basis in the property was 114,000. It was a main home for 7 years. Is there a capital gain to be reported on schedule D?
Can you still owe money after your mobile home is repossessed?
Yes. The home was repossessed because you failed to make payments you contracted to make. Even though you no longer possess the home, the contract is still in force and must be satisfied unless the lender forgives it,
Can a car be repossessed at another location?
I assume you mean other than your home address. But the answer is yes, it can be repossessed anywhere, provided they are not breaking and entering, such as a locked garage....
What can be done when the lien holder has repossessed your mobile home but has not removed it from your property?
CHARGE THEM STORAGE
How do you get a title on a repossessed mobile home?
You can in some US states. You have to look up the state you are in.
Can the cabinets be removed before a mobile home is repossessed?
I very much doubt it. -Usually they would be considered an integral part of the home.
Can a lien be placed on a home if the owner owes a loan deficiency amount when a vehicle is repossessed?
Yes.
Can the bank repo a trailer when you're not home?
yes, if it's being repossessed, it is the banks property.
What is worst that can happen if you cant pay your bank loan in Ireland?
Your home could be repossessed by the bank.
