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I take it you mean pay off the remaining amount owed early. That is the meaning of "pay off" - to clear the debt at one transaction. You should first inquire as to whether the sort of mortgage you have is one that can be paid of early, without financial penalty. Many are not. If what you meant was 'continue paying but at lower monthly payments' then you may need to renegotiate the mortgage so that the full amount will be paid over a longer period. Some financial institutions are willing to accept this as it is preferable to not having the mortgage paid at all.
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How do we get the title to our motorcycle if we settled for less than what we owed?
They should release the lien, get on them.
My bank is threatening foreclosure are they willing to accept a payoff lower than the amount owed?
Maybe, but no homeowner knows in advance how much a bank will accept or even whether it will consider an offer for less than the total amount owed. The best idea is to speak with the bank about getting the principal reduced in a loan modification or allowing the borrowers to pay less than what is owed in order to sell the house in a short sale.
Is it possible to reduce debt loans ?
Unlike credit card debt, which can be settled for less than is owed, a conventional lender (bank, credit union) is not able to offer a payoff of an amount substantially less than what is owed. Credit card debt has interest added to the amount owed, and then more interest added to that (compounded). Bank loans generally are simple interest loans. Credit card companies and subsequent collection agencies that acquire the debt, are able to settle for as much as 40% percent of the amount owed, because the amount owed is accumulated interest and penalties. This is not the case with conventional loans.
What is it called when a creditor accepts less money than owed?
A settlement.
I filed bankruptcy on the entire amount owed on my home will my ex only be reliable for half of what was owed since i filed on the entire amount owed?
Yes, Your ex should have the responsible for the half of what was owed.
Can you give a judgment for less then 100.00 is owed?
In most states a judgment can be obtained in small claims court for an amount owed of $20 to $5,000. Your answer is yes.
A country that owes less money than it is owed?
..... is in a fortunate financial position.
You surrender a car and cant pay what happens?
When you surrender the vehicle, it will be sold at auction. The purchase amount will be applied to the balance owed on the loan, repossession fees, interest, penalties, and transportation costs. If the purchase amount exceeds this, the remaining amount should be refunded to you. If the purchase amount is less than the owed balance, you will still have to pay what is owed. If you fail to do so, the lender may seek judgment against the amount owed. This can increase the balance owed again, due to court costs, legal fees, and collection costs.
What happens if your repossessed house is sold for less than what is owed?
You owe the difference I think.
How do you say deben in spanish?
they should or owed depending on how used
What is an IRS offer of compromise?
An offer in compromise from the IRS is when the IRS allows someone to settle their tax debt for less than what is owed. Eligibility requirements for an offer in compromise can be found on the official IRS website.
How can one settle on their taxes for less than what they owe?
One can settle on their taxes for less than what they owe by proving to the IRS that the total amount owed is incorrect, making the IRS understand that the chances of paying back the amount owed is quite slim.
