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If you foreclose on your house can the bank take your other house?
Wiki User
∙ 15y ago
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.
Wiki User
∙ 15y ago
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Can i cash a personal check in nevada at a bank other than the bank which the check is from if i dont have an account in eithir bank?
It's possible that you may not even be able to cash a check at the bank of origin. The only sure way to cash it is to take to a bank that you already, yourself, have an account with.
Did Chase Bank take over any smaller banks recently, and if so, what other banks were they?
Yes, they did. They took over Bear Stearns and WaMu.
What is collateral as it relates to the business?
The word collateral in business is that the bank has rights to take away your collateral or something that you put in stock that you own. For example, John owns a farm and he took a loan. The problem is that he didn't deposit his loan in the bank back, so the bank took his collateral that he put in the bank if he didn't pay his loan back. So that is why the bank has John's farm. So I prefer that if you take a loan, then pay your loan back. Or else your collateral is bye-bye.
Can you take over another persons mortgage?
It is possible in some cases but must be done with the bank's approval. The bank would require you to sign an assumption agreement.It is possible in some cases but must be done with the bank's approval. The bank would require you to sign an assumption agreement.It is possible in some cases but must be done with the bank's approval. The bank would require you to sign an assumption agreement.It is possible in some cases but must be done with the bank's approval. The bank would require you to sign an assumption agreement.
How do you transfer pnb account in other pnb branch?
Go to the branch where you have your existing account and submit a written request to transfer your account to another PNB branch. The bank will happily take up your request. Also, with the advent of Core Banking, it is not really required to get your account transferred because with core banking any customer with an account in any branch can avail banking services in any branch of the bank across the country.
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.
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.
When you do not include your house in a bankruptcy and then get a loan modification but still cannot pay the monthly payment can the bank take your house if you pay something on it every month?
Yes, if you are not making payments on your home, the bank can foreclose. Even if you are paying something, if you are not paying the amount agreed to in the loan modification or original contract, the bank can foreclose. If bankruptcy is active, they may need permission from the court but if payments are not being made in a timely fashion the court generally grants permission to foreclose. The moral of the story - make your payments or the bank can foreclose!
If Mortgage note is in one persons name and the deed to property is in another can mortgage company foreclose and take both house and land?
Yes. ==Clarification== The mortgage company can only foreclose if the OWNER of the real estate signed the mortgage. If someone other than the owner signed the mortgage the bank has no interest in the property and therefore cannot foreclose.
If we have a Joint mortgage one dies no insurance can lender foreclose?
If two people granted the mortgage and one dies the other is responsible for paying the debt. If the debt is not paid the bank can foreclose and take possession of the property.
How long does it take the bank to foreclose a property when owner dies in California?
2yers later
Can the Mortgage be in your name and deed be in both your names not married?
All the owners of the property will be required to sign the mortgage so that in the case of a foreclosure the lender can take possession of the property. If only one owner signs the bank cannot foreclose on the other owner's interest.All the owners of the property will be required to sign the mortgage so that in the case of a foreclosure the lender can take possession of the property. If only one owner signs the bank cannot foreclose on the other owner's interest.All the owners of the property will be required to sign the mortgage so that in the case of a foreclosure the lender can take possession of the property. If only one owner signs the bank cannot foreclose on the other owner's interest.All the owners of the property will be required to sign the mortgage so that in the case of a foreclosure the lender can take possession of the property. If only one owner signs the bank cannot foreclose on the other owner's interest.
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.
If a husband dies will a wife be responsible for the mortgage debt even if she is not on the note?
His estate will be responsible for the mortgage. Assuming the wife is not on the deed, if the mortgage isn't paid the bank will foreclose and take possession of the property covered by the mortgage. If the wife is on the deed and she consented to the mortgage the bank can foreclose. If she is on the deed and did not consent to the mortgage then the bank had a defective title and may not be able to foreclose.
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.
I am divorced i have a quit claim deed on my ex's house she is going into foreclosure can the bank come after me?
If you didn't sign the mortgage then the bank can't come after you for payment in the case of a default. However, they can foreclose on the mortgage and take possession of the property notwithstanding the quitclaim deed to you.
You cosigned for a house and now they are letting it go back you have got some farm land that is in a family partnership If the house is repossessed can they take your land?
Ouch - that is going to hurt your credit. The bank/lender can only foreclose upon they property they have a lien against. If the farmland in question was used as collateral or as part of a down payment then the bank/lender would have a right to it. Banks/lenders cannot take other personal or real property that you may own other than what they mortgaged.
