0
If you are living off Social Security and a reverse mortgage have no estate but a house and car can a credit card company take these to satisfy their claim?
Wiki User
∙ 8y ago
Maybe. It is difficult without knowing the state of residency to give an opinion. Every state has Homestead and other exemptions that prevent property from being attached and sold by creditors. Many states have statutes that specifically protect property of senior citizens and/or disabled persons. Social Security is 100% exempt from attachment by creditors. Other income and property "protection" is covered (or not) by state laws. It would be a good idea for the person(s) involved to consult an attorney who is well versed in Elder Law. Usually you can obtain a consultation or advisory session free or at a nominal fee.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
What is a foreclosure house?
Foreclosure is a civil lawsuit in which a bank, mortgage company or other lien holder seeks a court order to sell your property to satisfy a debt. If the court awards judgment to the lender, the lender can have the property sold at auction to pay off the mortgage debt.
How can you satisfy the company?
By doing the best you can to help the company.
When creditor puts lien on your home will mortgage company make you pay it or foreclose on your home?
As long as you keep making your mortgage payments the bank can't foreclose. However, you cannot refinance or sell the property until the lien is paid. If you sell, the net proceeds after paying off the mortgage would go to the lien holder to satisfy that lien.As long as you keep making your mortgage payments the bank can't foreclose. However, you cannot refinance or sell the property until the lien is paid. If you sell, the net proceeds after paying off the mortgage would go to the lien holder to satisfy that lien.As long as you keep making your mortgage payments the bank can't foreclose. However, you cannot refinance or sell the property until the lien is paid. If you sell, the net proceeds after paying off the mortgage would go to the lien holder to satisfy that lien.As long as you keep making your mortgage payments the bank can't foreclose. However, you cannot refinance or sell the property until the lien is paid. If you sell, the net proceeds after paying off the mortgage would go to the lien holder to satisfy that lien.
Can your sister continue to reside in a home that was bought for her by our deceased father if he willed it to her and he was the only mortgage holder?
Provided the estate is solvent, she should be able to obtain the title to the home, subject to the remaining mortgage. She can remain in the home, but will have to satisfy the finance company's lien on the home through a new mortgage or paying it off. There may be additional clauses in the will directing that the mortgage be paid off by the estate. The executor of the estate, or their legal counsel, will be able to answer these questions.
How does mortgage modification help the borrower?
It allows for the mortgage to be changed after the fact. The modification can be of use to those facing foreclosure who want to continue making payments but can't satisfy the original agreement.
What is an economic security?
Being Secure in your ability to satisfy your needs and wants ( having enough Money!)
How can you satisfy the company if you are selected for this post?
By doing all the best of your knowledge.
How can you satisfy the company if you are selected for thi post?
By doing all the best of your knowledge.
When I pass away and my daughter inherits my home will the home mortgage increase?
If the mortgage is not in her name as a joint tenant, the house will have to be made a part of the estate. The estate will have to satisfy the mortgage. The bank may allow the new owner to assume the existing mortgage, but they are more likely to want to establish a new one. You should really consult an attorney in your area for estate planning purposes.
How can you satisfy the company of you are selected for this job?
i assure you that with my costant dedication and hardword i would definetly prove to be an improve asset for your company
Following certifications would satisfy the ia bbp for iam level ii and iam level iii?
security
Can a social security be taken out of bank account because of a judgment in Kentucky?
Generally, no. Social security funds are usually exempt from garnishment to satisfy judgment. There are so exceptions, though.
