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If a house is foreclosed on that is in my companies name will it affect me personally?
Wiki User
∙ 15y ago
If the title to the property was in your company's name and the mortgage was in your company's name; if your company is incorporated; if you didn't sign any documents in your individual capacity; then it shouldn't affect you personally.
Wiki User
∙ 15y ago
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What happens if you are a cosigner on a house that is being foreclosed on?
The foreclosure will affect your credit record. You are fully responsible for paying the loan.
How do you give a foreclosed house back to the bank?
When the bank foreclosed on the house, they took it back. Now it's time to move out.
Can you rent a house you were foreclosed on?
No, I can't
Can you still lose your house after Bankrupty was discharge?
Yes, you can lose it if you do not make the payments on it. A bankruptcy discharge does not erase debt. It renders it nonrecourse -- meaning that you cannot be called upon to personally pay the debt. However, it does not affect liens. Therefore, if you don't pay the debt, the lien can be foreclosed.
Can you buy a house for cash if your house is being foreclosed on?
Yes you can
How can you buy a house after it has been foreclosed and not sold at auction?
You can contact the lender or lien holder who foreclosed on the property and make your offer to them.
If you pay the taxes on a house that has been foreclosed does that mean you own it?
No the bank owns the house.
Can the IRS withhold your refund if you recently had your house forclosed on?
The IRS cannot withhold the refund if your house is foreclosed on. However, if the mortgage debt forgiveness results in the IRS treating you as having more taxable income, it may reduce or eliminate the refund. If you've recently been foreclosed on, talk to a tax professional to see if it will affect your tax refund.
How do you know when a house is legally foreclosed?
I;m new to this but I'd say when they changed the locks on the house...
How do you report a person stealing from a foreclosed house?
Dial 911 and report the crime.
Does a house go into foreclosure for lack of homeowner payments?
At the discretion of the lender, a house can be foreclosed after a period of missing payments.
Can you buy a house for cash if your present house is being foreclosed on?
I would think so. Though the bank should be using all means possible to get that cash from you to pay for your currently foreclosed house. Even if they don't, paying in full with cash for anything will always be accepted.
