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Banks can foreclose in as short as 90 calendar days.
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∙ 8y ago
lisnayli grullon
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Can the bank repossess your home when child is in full time education?
yup
If you have two car loans at one bank can the bank repossess both even?
Yes they can repossess everything that you got a loan for.
What is a reo property?
REO (Real Estate Owned) is a class of property owned by a lender, typically a bank, after an unsuccessful sale at a foreclosure auction. A bank will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the bank will legally repossess the property. This is usually the case as the amount owed on the home is probably higher than the value of this foreclosure property. As soon as the bank repossess the property, it is listed on their books as REO, and is categorized as an asset (non-performing).
When a bank repossess someones car?
As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.
Can a bank repossess a car who's registration is past due?
no
Can a bank repossess my car if I am making some sort of payment?
If you aren't paying in full they can repossess the car. To a bank " some sort of a payment " doesn't count. Call them and make arrangements.
When can a bank repossess someones car?
When the owner defaults on the loan payments
You just bought property and there is a mobile home on it the owner is deceased are you responsible for the mortgage loan and back payments?
Do you want the mobile home? If yes then you must pay. If not, then let the bank come and repossess it.
How much has to be owed for a bank to repossess a car?
it is up to the bank to decide. Legally, as little as 1 cent.
If a person dies can you give car back to bank?
If the bank holds the loan, then yes. If the payments are stopped, the bank will repossess anyways.
Can a bank repossess if the borrower defaults and there is a cosigner on the vehicle?
The cosigner becomes the target next. If you default, it is up to the cosigner to pay the bill or both of your credits are ruined and the bank takes their usual steps to repossess a vehicle.
How do you use repossess in a sentence?
The bank's repossession of their house left the family with no place to live.
