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Q: How long do you have to repay loan to deceased estate?
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In the State of Illinois how long does a bank have to make a claim against the estate of a deceased person with respect to a personal guarantee on a commercial loan?

According to the information at the link below- two years.


When you use cash advance payday loan how long do you have to repay the loan?

You have around eighteen days average to pay off your loan. i suggest against loans however for, unless the payback date is within your payday you probbably will not be able to pay it off.


If the cosigner of a home loan dies will the bank go after his estate for repayment?

My belief is that as long as the mortgage is paid on time by the borrower, there would be no reason to go after the cosigner estate.


What is Long term and short term loan why these difference?

A short term loan is a small loan that is most often used by borrowers to help cover expense while between paychecks. The loan is most often due for repayment by the borrowers next paycheck.Short term loans are lent at a high interest rate and come with additional fees - acting as a form of "security" for the lenders because a short term loan is a type of unsecured loan that is often borrowed by people with bad credit.A long term loan is a loan that is lent over a longer lending term.Usually short term loan lenders require the borrower to repay their loan by the time they receive their next paycheck. However, some online lenders allow borrowers to take up to 90 to 100 days to repay their loan.


If I have a foreclosure on my credit will it affect me in trying to buy real estate?

If you are paying cash, NO. If you are financing it with a bank loan, usually it will. Depends on how long ago the foreclosure occured and the individual policies of the bank you are trying to get a loan from.

Related questions

Does an executor have a conflict of interest if he has borrowed a large amount of money from the deceased and has not paid it back to the estate upon due prior to deceased death?

There should not be a problem as long as everything is properly documented. The loan will count against their portion of the estate. If there is not enough money in the estate to pay the debts, they will have to pay them back.


In the State of Illinois how long does a bank have to make a claim against the estate of a deceased person with respect to a personal guarantee on a commercial loan?

According to the information at the link below- two years.


Your brother and sister-in-law have been deceased for a ye ar how long can debtors try to collect?

Debtors MAY have a legitimate claim against the deceased persons. However they must file their claim against the ESTATE(s) of the deceased persons, not against any particular individual. Unless someone who is still alive co-signed a note or a loan, the creditors have no other claim on anyone, or anything, except the estate that the deceased left behind.


How much is interest on a 1700.00 loan at 36 percent interest charge?

That depends on how long it takes to repay the loan. If you repay the loan in one go at the end of 12 months you would pay 612.00 in interest plus the loan of 1,700.00 a total of 2,312.00


Is there a statute of limitations of a title loan in Alabama?

No, there is no statute of limitations on a title loan in the state of alabama. As long there is a recorded security interest on your car title i.e." Lien" you are obligated to repay your title loan


What is the purpose of a student loan calculator?

A student loan calculator's purpose is to estimate the size of your monthly payments when you get a student loan. It will also help you find out how much you will end up paying in interest and how long it will take to completely repay the loan.


Can the executor of an estate borrow against the estate with the informed consent of all beneficiaries?

Yes, as long as all beneficuiaries agree. It is a simple loan agreement.


When you use cash advance payday loan how long do you have to repay the loan?

You have around eighteen days average to pay off your loan. i suggest against loans however for, unless the payback date is within your payday you probbably will not be able to pay it off.


If the cosigner of a home loan dies will the bank go after his estate for repayment?

My belief is that as long as the mortgage is paid on time by the borrower, there would be no reason to go after the cosigner estate.


How long does it take for students to typically repay their student loans?

Student loan repayments can vary depending on the amount of your loan. It also will depend on how much you plan on paying each month. The more you pay the faster it will be paid off.


Who is responsible to open an estate in Alabama when there is no will no spouse no children one living sister one deceased brother both parents deceased?

The living sister would be qualified as long as she is not under 19 years old.


How long is the executrix responsible for the medical bills of the deceased motherin New Jersey?

The executrix is not personally responsible for the medical bills. The estate has to pay off the debts. As long as the estate can pay them, they have to receive and pay the bills. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.