Sure, if you don't mind losing your entire investment, ruining your credit rating and being hassled by creditors. Ok... enough sarcasm... maybe you need to talk to Suzie Orman. Yes, but the borrower will still be responsible for any deficiency between the loan balance and the amount that the lender receives in the sale of the property. In addition to any deficiency that may result, the borrower is also responsible for all other costs incurred by the lender related to the foreclosure process.
You leave the property and stop paying the mortgage and taxes. However, be advised that your debts regarding the property will keep accruing. If there is an outstanding mortgage the lender will go after you for the amount you owe and legal costs if it forecloses. If you fail to pay your property taxes the town may eventually take possession of the property and sell it. While the property is in your name you have liability issues.
They MAY be entitled. You will have to research your loan documents. If the lender believes is is the intention of the borrower to "walk away" and abandon the the mortgaged property, they MAY be able to attach the insurance settlement in order to protect their financial interest in the property. All of this would have to be done legally, of course, through a court of law.
"This property and France are lost to me," said the nephew, sadly; "I renounce them." "-I would abandon it, and live otherwise and elsewhere. It is little to relinquish. What is it but a wilderness of misery and ruin!" To the eye it is fair enough, here; but seen in its integrity, under the sky, and by the daylight, it is a crumbling tower of waste, mismanagement, extortion, debt, mortgage, oppression, hunger, nakedness, and suffering."
The bank takes it, sells it.
Call the police
Since a slave was the property of their master, any progeny was also his property and it was up to him what to do with the child.
there is no set time for such a decision. Although it is everyone's best interest to get all the issues resolved as quickly as possible. The trustee's decision will be made on how encumbered the property is, appraised value, etc.
Yes, they inherit the property on the death of the life estate holder. It can be earlier if the holder wishes to sell or abandon.
If you are the tenant, you can just leave the property. It is best to leave it in clean condition so you are not fined. You may still be liable for the terms of the lease.
The court does not take anything. Is that the one in both names? Was he paying the mortgage or part of the mortgage? I strongly urge you to get your own bankruptcy lawyer, since this is a very technical area of bankruptcy law. You need to find out if he intends to abandon his interest in the homes or intends to reaffirm the mortgage(s). Abandoning the property can cause problems if you cannot pay the mortgage on "your" home in Iowa. The real estate would be foreclosed on if there is a mortgage, unless you can make the payments on a joint mortgage or refinance in your name alone. You can also sell the house owned jointly, though you might need his agreement to sign the transfer documents or file a legal action in Iowa if that was where you were living when the separation took place or if venue lies in Iowa for other reasons. I said it was technical!
NO! They must take you to court unless you abandon your property. Then they still have to go through the courts! At least in Ohio.
I BELIEVE that you might be referring to someone who holds a LIFE ESTATE to the property (i.e.: they can live on the property for as long as they live, or until they abandon it, and/or upon their death it reverts to the property owner).
In theory, the trustee could sell your interest in the timeshare to any willing buyer. The trustee might even offer to sell your interest to the other co-owner. However, the trustee may determine that it isn't worth the hassle of selling and could abandon the property back to you.
Abandoned means that the owner has left it willingly, Lost means that it's lost, misplaced unintentionally.
Abandon is a verb.
What is the synonym for abandon
To abandon means to leave behind. Here are some sentences.Did you abandon your poor dog when you moved?Anyone who would abandon a child should be put in jail!Don't abandon your beliefs.
make a sentence with abandon for me.
Abandon means to leave something or someone.
(abandon) is the very important abandon
You spelled it right in your question. It is abandon.
"The house over there has been abandoned""to abandon a child""to abandon a sinking ship"
Abandon and discontinue are synonyms.