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you decide that when you take out a loan, it could be anything up to 35 years depending on your age and the condition of the property
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∙ 16y ago
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What is the Statute of limitation on real estate debt?
If the debt is on real property, there is no limit. The debt is a lien against the property and the debtor collects on sale. A lien is valid as long as the property exists, and land seldom disappears.
How long can a ban from a businesses property last?
As long as they want it to.
How long does a lien last in WA?
Until the debt is paid off
How long does a property tax lien last in NJ?
Property tax liens do not expire.
How long does a mechanics lien last in South Carolina?
A mechanics lein is on the property and it can last till the property is sold or the lein is paid.
Can residential property be levied to pay debt?
Yes residential property can be levied to pay back a debt. It is common for a bank to put a levy on a property.
How long will settled debt affect your credit rating?
seven years from the date of last payment.
Are you responsible for a debt from 2003?
That depends on the state or country in question. The date starts from the last payment or acknowledgement of the debt. In some places it is as long as 10 years.
What if you signed mortgage but not promissory note?
If you didn't sign the note that means you are not responsible for the debt. If you signed the mortgage that means you consented to the property being used as security for the debt and if the note isn't paid the lender can take possession of the property by foreclosure.If you didn't sign the note that means you are not responsible for the debt. If you signed the mortgage that means you consented to the property being used as security for the debt and if the note isn't paid the lender can take possession of the property by foreclosure.If you didn't sign the note that means you are not responsible for the debt. If you signed the mortgage that means you consented to the property being used as security for the debt and if the note isn't paid the lender can take possession of the property by foreclosure.If you didn't sign the note that means you are not responsible for the debt. If you signed the mortgage that means you consented to the property being used as security for the debt and if the note isn't paid the lender can take possession of the property by foreclosure.
What does levied mean?
A levy is a seizure of money or property to satisfy a tax debt. A levy is different from a tax lien. A lien is collateral placed on property for a debt. a levy is physically taking the property.
What does levy taxes?
A levy is a seizure of money or property to satisfy a tax debt. A levy is different from a tax lien. A lien is collateral placed on property for a debt. a levy is physically taking the property.
How long does an IVA last?
You might like some information from me After what might have felt a long time coming, you will finally be debt free. Once your end of an iva has been completed and your IP has finalised the last payment, you will be free to enjoy life knowing you have no more debt to worry about.
