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Can a family member buy the house that is in a reverse mortgage?
Only if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgage
What is a viable method use to collect outstanding debt?
A method to collect outstanding debt is to take legal action. If you sue or threaten to sue someone for a debt, they are likely to pay.
Do you have to pay outstanding debt if in jail for murder?
If your in jail for life you wont have to pay squat
What is an outstanding balance after you pay your debt?
It is what is left over. You may pay a debt in full but often there is still a small balance due to interest or fees.
What is viable method used to collect outstanding debts?
A method to collect outstanding debt is to take legal action. If you sue or threaten to sue someone for a debt, they are likely to pay.
Is a viable method to used to collect outstanding debts?
A method to collect outstanding debt is to take legal action. If you sue or threaten to sue someone for a debt, they are likely to pay.
What happens when mom dies and has no estate except life insurance and outstanding credit card debt does executor have to pay the outstanding debt?
Yes, the executor has to pay the debt. Debts are one of the primary reasons someone should open an estate. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Tax debt is what type of debt to a company?
Tax debt refers to the tax paid on the amount of debt the company has outstanding still. This varies significantly by company and non-profits do not pay tax.
Is the surviving spouse responsible for outstanding debt on the voluntary repossession of a vehicle when they are a cosigner on the loan?
If there are payments outstanding, you, the co-signer, are responsible. That's the point of being a co-signer; you agree to pay the debt if the primary cannot.
If your house is repossessed due to a secured loan and there is not enough equity to pay the loan what then happens to the secured loan?
You will be liable to pay the debt outstanding.
Can car loans submit your debt to IRS as income and make you pay taxes?
They must submit the amount of cancelled debt...outstanding debt they claim as still due, they could not report.
Does your credit score go up after you pay off outstanding debt?
Yes, but only if it is with the original creditor and not a collection company.
