0
How does it work when you buy a house for someone and they make the payments?
Wiki User
∙ 8y ago
You should be a non-occupying co-borrower on the note, which means that you will not be living at the residence but you are vouching for the primary borrower in case he/she cant make payments. So basically, your credit is on the line. If you didnt handle the situation in that manner there are numerous other possibilities.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
How do foreclosures work?
A foreclosure occurs when a homeowner defaults on their mortgage payments, and the bank sells the house in order to get it money. The homeowner has the right to redeem the house before the sale, in most states.
How far behind do the payments have to be before the lender can start repossession?
READ your contract. When you are in DEFAULT, they can repo. Legally only one day, but most lenders will work with you if possible. to whom it may concern, I co-signed for someone and they coundn't make the payments. I got laid off and i couldn't make the payments. I am now currently working and i don't want to lose the car i could pay the three months car payment. could the car dealer wait for two more weeks until i get paid. the car is helping me to get to work. Can they understand the situation?
What is workman?
A workman is usually referred to as a construction worker. They can also be a contractor or someone who does work in a house or yard.
Can a bank refinance your car if you are upside down on the payments?
YES! You don't make your payments and they will repo. They will then sell the car and you will be responsible for the difference in what the car sells for and the balance on the note. Don't let it happen. Contact the lender and work something out.
How do deferred payments for student loans work?
When student loans are deferred, the payments are put on hold for a set amount of time.
If you have been making half your house payments each month can they still foreclose on it?
Yes. The mortgage requires you to make the FULL payment every month; failure to do so may result in foreclosure. However, in the United States (and probably in many other countries) most banks are willing to work with you to figure out a way for you to make the payments and keep your house. They'd rather have SOME money than to foreclose on the house and get nothing until the bank can finally sell it to someone else. If you can't make your house payments, then contact the bank and explain the problem.
What are the best tips on how to make ach payments work?
ACH ( Automated Clearing House) payments are electronic payments from one account to another. Some tips on making it work are gather your information, make a list of all your bills, set up the CAH payments you want, record the ACH transactions and the dates they will be deducted. Check and balance the account monthly to make sure the right amounts have been deducted at the right time.
What exactly makes someone a trustworthy lender?
A trustworthy lender is someone that has positive feedback. Also it is someone that is willing to work with you when you run into difficulties with the payments.
If your husband die and have no will and you are not on the deed of the house or on the mortgage loan do you have to live and the house or can you leave?
This depends on where you live. Generally the estate will work it's way through probate court and the home will be awarded to someone. In practice, as long as the payments come in a lender may never question who lives in the home.
Can car payments be taken over when someone dies?
Best way to do this is to talk to the place that holds the note on the car. They will usually work out something. If someone has power of attorney it would help out. They could just simply do a take over payments on the books.
Can you make payment plans to a collection company?
Yes. There are many companys that do this. They work with the creditors and help you make the payments that you can afford.
When you make life ins payments at work from your check are you making them for that month or the month ahead?
The next month.
How do foreclosures work?
A foreclosure occurs when a homeowner defaults on their mortgage payments, and the bank sells the house in order to get it money. The homeowner has the right to redeem the house before the sale, in most states.
What make someone work for a person?
What makes you work is usually to get money .
How far behind do the payments have to be before the lender can start repossession?
READ your contract. When you are in DEFAULT, they can repo. Legally only one day, but most lenders will work with you if possible. to whom it may concern, I co-signed for someone and they coundn't make the payments. I got laid off and i couldn't make the payments. I am now currently working and i don't want to lose the car i could pay the three months car payment. could the car dealer wait for two more weeks until i get paid. the car is helping me to get to work. Can they understand the situation?
In the house what was the male role in the house?
To do work and make money. The woman's place is in the kitchen.
Can you make payments on a traffic ticket in hall county Georgia?
Usually the traffic court will work with you if you make a personal appearance. It depends on your record and the violation.
