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what ever they want to do to your house or your can if not paied in 2 years

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Q: I have made a payment within 30 days to lender of my car payment I still need to catch up what can they legally do?
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What is forebearance in a mortgage?

Forebearance is a payment plan that allows you to catch up on money you owe your lender. You must be able to make your normal mortgage payment in addition to the extra amount that you and your lender agree upon.


You are two months behind on your mortgage payment but plan to catch up this week Will your payment be accepted?

It's best to contact your mortgage lender directly to inform them of your plan to make the payment this week. They may be able to work with you to avoid any negative consequences and help you get back on track with your payments.


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Can you get in legal trouble for going out with your girlfriend and her parents catch us?

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What is forbearing?

1. The act of waiting, the exercise of patience. 2. Indulgence, especially towards enemies. (Dictionary.com) 2. (In the context of mortgage) Loan borrowers sometimes have problems with their payments due to unexpected circumstances. This is certainly a problem which may cause the lender to start the foreclosure process. To avoid this situation, lender and borrower have the option to make an agreement called "forbearance". According to this agreement, the lender delays his right to exercise foreclosure if the borrower could catch-up his payment schedule in a certain amount of time. This time-period and the payment plan depend on the details of the agreement which are accepted by both of the parties involved.


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How do you get your vehicle back from a creditor after filing bankruptcy papers with the court?

All property in BK that is not exempted by state and/or Federal law has to be surrendered to the trustee. A vehicle is secured property and will be returned to the lender, or sold depending upon the circumstances. A car which is covered by exemptions, but is in default for payment, is usually returned to the lender. In some cases the lender will allow the debtor to reaffirm the loan and establish terms to catch up on missed payments .Property is not automatically returned to the person who filed BK.


If you have been late on payments and they want to repossess can you still catch up without paying the remaining balance of your loan?

That option is up to the LENDER. Call the lender ASAP for more info.


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What if a lender repos your car and sells its for more than the balance due on loan?

You may only owe one payment, and if it's late, they can legally reposess your car. I would expect they would give you ample opportunity to catch up on your payment first. Once your car is repoed, they sell it, generally at auction. The money they make is theirs. You could check your own state laws, but generally there is nothing at all that precludes them from selling the car for more than you owe. On the opposite side of the coin, most repos end up getting sold for less than the debtor owed. Then, they come after you for the balance.


If a new car is in the process of being repossessed can you use the escrow to catch up the note?

not likely but IF you can get the lender to agree....


If you receive a second right to cure notice and catch up on payment and get behind again does the lender have to get you another notice or do they have aright to repo your mobile home?

They have the right to repo your home the first time you are more than the allotted grace period delinquent. They are not required by any law to provide a cure option to you. They do so only in an attempt to recover the principle of the loan in the most expedient manner: payment.