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If during the repossess of a mobile home damage is done to surrounding structures does the landowner have any recourse?
Wiki User
∙ 13y ago
Yes, he can sue the repossession agency or the home hauler for the damages. Some states also permit punitive damages. Additionally, if the landowner can prove malice, he may be able to pursue criminal charges as well.
Wiki User
∙ 13y ago
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Can a car be repossessed if two names on title and one person took out loan?
Yes. How many names are on the title and/or the loan means absolutely nothing... so long as there is a lien on that vehicle, that lienholder is the sole lawful owner of that vehicle, and can repossess it as recourse for delinquent payments.
Can they take income tax check if get repossession in Arizona?
They can take whatever the security for the loan was. For example, if you have an auto loan, they can repossess the auto. If you have a home loan, they can repossess the home. If the loan was a recourse loan and the value of whatever was repossessed was less than the amount still owed on the loan, they can get a deficiency judgment in a court of law. If the court grants a judgment, they can they take other assets.
If you can't make payments on your car can you return it?
You can try. They are not usually under obligation to accept it. You are under contract to make payments and you can be legally ordered to fulfill the terms that you agreed to. Most dealers will be somewhat lenient, as their normal recourse is to repossess the vehicle.
Is a car loan considered recourse or non-recourse debt?
I think is non recourse debt
What is recourse funding?
Recourse funding is a type of loan for which collateral is placed. The difference between recourse and non-recourse funding is that in recourse funding, if the collateral sells for less than the amount left on the loan, the lender can go after other assets. In non-recourse funding, the lender would have to absorb the loss.
What is the duration of The Recourse to the Method?
The duration of The Recourse to the Method is 2.73 hours.
Is a home improvement loan a recourse loan?
no. why would it be a recourse loan
Is Kentucky a Recourse or Non-Recourse or One Action state?
Kentucky is a recourse state, allowing the lender to seek judgments and damages from the borrower.
Is Alabama a non recourse state?
As of 12/20/2012 Oklahoma is a Recourse State.
When was The Recourse to the Method created?
The Recourse to the Method was created on 1978-05-05.
When was Diverse Recourse created?
Diverse Recourse was created on 2007-04-10.
Can you give a sentence for recourse?
A place to find recourse is in nonfiction books in the library.
