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If you have been making half your house payments each month can they still foreclose on it?
Wiki User
∙ 14y ago
Yes. The mortgage requires you to make the FULL payment every month; failure to do so may result in foreclosure. However, in the United States (and probably in many other countries) most banks are willing to work with you to figure out a way for you to make the payments and keep your house. They'd rather have SOME money than to foreclose on the house and get nothing until the bank can finally sell it to someone else.
If you can't make your house payments, then contact the bank and explain the problem.
Wiki User
∙ 14y ago
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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!
When you make life ins payments at work from your check are you making them for that month or the month ahead?
The next month.
How cheap can you buy a Wii?
The cheapest you can go is by making payments every month
If you make payments every month can you still lose your house?
No, because you are meeting the requirement's of the loan. It is when you stop paying the loan payments that you loose your house. Then, they have a reason to get their money back.
Can a mortgage holder foreclose because you quit your job if you are current on the payments?
Not likely. Think of it this way: If you pay your bills every month, does it matter where the money comes from? They can't do anything until you stop paying.
Does default means does not pay?
Default means that you have not made the agreed-upon payments in full on time. You may be making partial payments (ie, paying $250 a month instead of $350 a month), but still be in default.
Does default means not pay?
Default means that you have not made the agreed-upon payments in full on time. You may be making partial payments (ie, paying $250 a month instead of $350 a month), but still be in default.
Will a chapter 7 bankruptcy petitioner be allowed to keep a home if there is a 3 month arrearage in the mortgage payments?
Two factors would detemine what if any action would be taken concerning the property. If the homestead exemption protects the house from bankruptcy seizure and/or if the lender is willing to reaffirm the mortgage rather than foreclose on the property.
If a car is repossessed and you agree to make some kind of payments ever month will they still list it on your credit as a repo?
Yes but it will also list that you are making payments!
What are your monthly payments?
Monthy payments are payments you make every month, like a house payment, loan payment, water, electric, gas (for heating), phone, insurance if you pay monthly, etc.
What would the average monthly payments be on a house that is 79000?
The average monthly payments on a 79,000 dollar house will depend on the interest rate you have and how much money you have put down. It will probably average around 500 dollars a month.
What if your father is a co-borrower on your home you have paid all house payments for last 21 years He had to make payments for two month due to your being unemployed Can he kick me out of my home?
NO!
