answersLogoWhite

0


Best Answer
Copy

60 days is usual for most lenders, however, it varies.

User Avatar

Wiki User

โˆ™ 2015-07-15 19:10:15
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Add your answer:

Earn +5 pts
Q: How many payments do you usually have to be behind before a financial institution decides to repossess?
Write your answer...
Submit

Related Questions

Do you have to enroll at a college first before you can apply for financial aid?

absolutely..the financial aid office at your selected institution of higher learning in the main determining party who decides which programs you are eligible for. Also, when filling out the FAFSA, one of the questions asks for the school code. Talk to the financial aid adviser at the school you have in mind.


What is the difference between a financial accountant and a financial controller?

Accountant keeps track of business records, Controller decides where money should be spent.


What the difference between an AA and AS degree?

They are slightly different. The AA is more of a theoretical approach where the AS is more of an exact approach and career oriented. Still, it is the institution and the department within the institution that decides.


Generally speaking after a person decides to run for office his first task is to?

collect financial contributions


What institution decides when an amendment to the constitution should be proposed and considered?

Whenever 2/3 of the House of Representatives agree. Article 5


What does the House Committee On Financial Services offer?

The house Committee on Financial Services offers help with budgeting for the Federal Government. They are a committee that decides what has to be paid over what should be paid in the budget.


Whats the difference between bachelor of arts in psychology and a bachelor of science in psychology?

The bachelors in arts has a more theoretical approach, while the bachelors in science is more research focused. Still, it really depends on the institution and department of that institution that decides which one it is.


If you get a new job that pays more will your child support payments go up?

The court usually decides if a new job will cause your child support payments will increase. Occasionally there is a statement in either the law or your original court order depending on the state.


When to be power of attorney?

You can act as power of attorney for someone when you turn 18 years of age and someone decides that they want you to represent them for financial and medical decision making.


How may missed mortgages payment until you are in foreclosure?

Mortgages can be written with a lot of different terms and laws, especially real-estate laws, vary greatly state to state. State law also dictates the actual process of foreclosure. Foreclosure doesn't happen when you miss x number of payments. Foreclosure is the legal process of the bank or lender trying to take away your legal right to lay claim to any equity you have accumulated in your home. They do this so that, if and when they have to repossess your home, they don't have any problems trying to sell if because you still have a financial claim to the property. Foreclosure happens when you default and a bank decides they need to foreclose so they can then evict you and resell the house. If you are missing payments on your mortgage, you need to talk to your bank/lender and talk about what's going on. Banks do not like to have to go through all the work to foreclose, evict, and sell a home. But, if you are missing payments, you need to talk to someone to figure out what the options are and which option is best for you.


What can i do when i enter into a contract and the person I'm buying the business from decides he wants to close the business mind you i have been making the payments?

If you entered a contract to purchase a business and the seller closes down after you have made proper payments, you need to contact a lawyer. A judge may require him to give your money back or allow you to reopen.


Who decides the verdict of a case?

Jury decides whether someone is guilty or not then judge decides the punishment


Who decides the pay for members of Congress?

the members of congress. Because this is a financial matter, all money or financial bills begin in the House of Representatives. Passing then to the Senate if the House agrees with the bill for a pay raise. If passed by the Senate the bill is sent to the US President to be signed into law.


Who decides what good literature is?

who decides what good literature is ?


Who decides what punishments can be given for treason?

the congress decides.


Can your trustee convert your Ch 7 to a Ch 13 if he decides that you will have enough money to make payments on a Ch 13 repayment plan in 10 months?

No. Once a chapter 7 bankruptcy has been discharged it is final.


What does the US Bank National Association decide?

The US Bank National Association decides the outcome of disputes with financial matters such as credit cards. It is often involved in court cases about banks.


Who decides if an amendment is passed or not?

Congress decides US amendments.


Who decides if a president is guilty?

The Senate decides if a President is guilty.


Who is the official who decides whether the batsman is out?

the umpire decides if the batsman is out or not


When was The Snake Decides created?

The Snake Decides was created in 1988.


What is the interest rate on the business loan?

The cost of the business loanis determined during the credit evaluation and after which you will be advised of how much amount of money you can borrow, payments, any fees and interest.


Tony has just come into a significant inheritance and decides to invest in stock in a solid stable company which financial ratio is most helpful in determining where he invest?

Leverage ratio {confirmed page 528}


Who decides what the rules are going to be in football?

The commissioner decides on the rules in football.


Who decides who goes on a coin?

The government decides, and then it has to be approved by the U.S. Mint.