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If there is negative equity on your car when it is repossessed are you responsible for the difference?
Wiki User
∙ 16y ago
It may vary by state, but in most palces you are responsible for the negative equity.
Wiki User
∙ 16y ago
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Are you responsible for the difference of equity on an upside down mortgage?
Yes, you are responsible for the loan amount (you signed the papers for the loan)
How do you sell a car in negative equity?
For the bank to release the title, someone will have to make up the difference.
Is it good if the equity is low or high?
High. Equity is the difference between what is owed and what something is worth. For instance if you owe 5,000 on a car, but the car is worth 3,000 there is a negative equity of 2,000. The less you owe the higher the equity.
How do you compute ROE if there is loss and negative equity?
To compute for ROE if there is loss and negative equity, divide the company's net income by the stockholders' equity. A negative ROE does not necessarily mean bad news.
Explain the difference between share of customer and customer equity.?
Explain the difference between share of customer and customer equity
When it comes to equity what does it mean to have negative equity or be underwater?
The amount owed is greater than the car's worth
Can there be a negative Owner's equity on a balance sheet?
yes
Difference between equity and owner's equity?
EQUITY:- Equity is the term in which liability is introducedOwner Equity :- Owner Equity is the term in which liabilty and owner capital is introduce...it is some time called Equities....
Who pays your home equity loan when you die?
Your estate is responsible. If the equity mortgage is not paid the bank will foreclose on the property.
What if your dad had a home equity loan are the heirs now responsible to pay that off?
If your deceased father had a home equity loan are the heirs now responsible for paying it off IF THEY SELL THE HOME?
Under standard accounting rules it is possible for a company's liabilities to exceed its assets when this occurs the owners equity is negative Can this happen with market values why?
It can happen A: I don't think it can happen. let us see... equity = represents your ownership 80% equity = says that you own 80% of the business zero equity = you have no ownership negative equity = ??? Negative equity would just mean that you have no property plus you owe someone else which means its just another liability. So I think its not possible
Where did equity courts develop?
Equity or Chancery courts were tried by justices of the law courts, in Delaware's early colonial period. County courts were responsible for equity cases.
