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If the house is foreclose can you take your belongings out of the house?
Wiki User
∙ 14y ago
You can take all your posessions except the things that are "nailed down" like the washer and dryer. If I were you I would take those too because no one (the bank) is really interested in taking you to small claims court over something like that. You can even claim that they were purchased by yourself and so they belonged to you. It's kind of a gray area. If you call the bank before then they will probably tell you that you can't take the nailed-down items, so my advice is don't call them.
Wiki User
∙ 14y ago
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What happens if you can't pay your second mortgage?
The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.
If you are 30 days late on a house payment can the bank take your house when filing chapter 7?
Don't hold me to this, but I don't think they can just take it back for being thirty days late. I think they would have to foreclose on your house first. Or get a judgment lien against your house first.
What happens if someone pays their second mortgage but not their first?
The senior mortgagee (the first) will foreclose and take possession of the property subject to the second mortgage.The senior mortgagee (the first) will foreclose and take possession of the property subject to the second mortgage.The senior mortgagee (the first) will foreclose and take possession of the property subject to the second mortgage.The senior mortgagee (the first) will foreclose and take possession of the property subject to the second mortgage.
Can a bank foreclose if you dont pay on a second mortgage?
Yes. The bank could foreclose and take possession of the property subject to the first mortgage.
If you own 2 homes and you foreclose on 1 can they take both homes?
Foreclosure only affects the item listed on the contract, in this case house 1. This does not mean that the bank/lending company cannot file a lawsuit to recoup the losses associated with your foreclosed home from house 2.
If you do not pay your property tax and they foreclose do you have to pay for youe house?
No. Banks will pay the property tax before they foreclose to make sure the government does not place a lien on the house; thus, not allowing them to take ownership.
If you foreclose on your house can the bank take your other house?
it depends if you used the other house in any way to secure the loan for the second house. Please be more specific in your question so I can help you.
Can you buy a house and then foreclose on the first house and will it affect the recently bought house?
yes you can
What happens if you can't pay your second mortgage?
The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.
What does the IRS do to your house if you don't pay taxes?
Take it away from you. Or make you leave along with your belongings.
If you own two homes can you foreclose on one and the bank not take the new one your living in?
The bank will only take the home they foreclose.
How did the rainbows leave the highway?
Obama foreclose on the leprechauns house
Can a collection agency foreclose on your house?
No, if you ever hear of it, it is just a scare tactic that some debt collection agencies use. The only agency that can foreclose on your house is the bank or lending institution that holds your mortgage. And they can only foreclose if you are way behind in your payments.No, if you ever hear of it, it is just a scare tactic that some debt collection agencies use. The only agency that can foreclose on your house is the bank or lending institution that holds your mortgage. And they can only foreclose if you are way behind in your payments.No, if you ever hear of it, it is just a scare tactic that some debt collection agencies use. The only agency that can foreclose on your house is the bank or lending institution that holds your mortgage. And they can only foreclose if you are way behind in your payments.No, if you ever hear of it, it is just a scare tactic that some debt collection agencies use. The only agency that can foreclose on your house is the bank or lending institution that holds your mortgage. And they can only foreclose if you are way behind in your payments.No, if you ever hear of it, it is just a scare tactic that some debt collection agencies use. The only agency that can foreclose on your house is the bank or lending institution that holds your mortgage. And they can only foreclose if you are way behind in your payments.No, if you ever hear of it, it is just a scare tactic that some debt collection agencies use. The only agency that can foreclose on your house is the bank or lending institution that holds your mortgage. And they can only foreclose if you are way behind in your payments.No, if you ever hear of it, it is just a scare tactic that some debt collection agencies use. The only agency that can foreclose on your house is the bank or lending institution that holds your mortgage. And they can only foreclose if you are way behind in your payments.No, if you ever hear of it, it is just a scare tactic that some debt collection agencies use. The only agency that can foreclose on your house is the bank or lending institution that holds your mortgage. And they can only foreclose if you are way behind in your payments.No, if you ever hear of it, it is just a scare tactic that some debt collection agencies use. The only agency that can foreclose on your house is the bank or lending institution that holds your mortgage. And they can only foreclose if you are way behind in your payments.
Can you a buy a house and let another house foreclose?
Yes but that would be a very stupid thing to do.
How do I get my belongings back after police took them out of the house I was staying in and landlord says I broke into house?
You will need to speak to the police to retrieve your belongings. An attorney could help even more to get your belongings back.
How soon will they take your house if you file ch 7?
"They" will not take your house. If there is a mortgage holder, that entity will foreclose and sell the property. In some areas, there are so many houses in foreclosure, the mortgagee will not take the house right away. It may be a year or more. Check with a bankruptcy lawyer in your area.
If you are 30 days late on a house payment can the bank take your house when filing chapter 7?
Don't hold me to this, but I don't think they can just take it back for being thirty days late. I think they would have to foreclose on your house first. Or get a judgment lien against your house first.
