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Typically yes, failure to make the payment required as specified in the mortgage note is usually written in as a default.
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∙ 14y ago
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Do you still have to make alimony payments if you were not paid while on vacation?
Yes.
Can you make payments before you are 3 months late with you mortgage payment to stop foreclosure?
Yes, but contact your mortgage company and make the arrangements. Lenders always prefer making arrangements rather than going into foreclosure because they lose money on every house foreclosed on.
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.
What happens if you only pay partial payments on your credit card payments?
You MUST make the minimum payments or the company will come after you. If you just make the minimum payments you will eventually clear the debt but the rate of interest on credit cards is very high. If you are having trouble financially the first thing to do is to stop using a credit card (cut it up) then if you can not afford the minimum payments go and seek help from a third party (in the UK a free advice centre) - they will help you with your debt problems and will be able to get the interest on your card debt stopped - (you will still have to make small payments to pay off the debt but if you meet these the debt will no longer grow). Also some debts are more 'important' than others - your taxes, mortgage, rent etc. A credit card is an unsecured debt and you will not be sent to prison for it or thrown out of your home. Get Help!!
Do you have to make house payments if you are going to short sale your house?
Typically on a short sale, the bank will expect you to pay the difference between the loan balance and the price that the house sells for. So if you stop making payments, you'll still owe all that money plus interest plus penalties. If money is tight (and it probably is) I'd suggest that you make a partial payment, like maybe half of your normal payment, so that the loan doesn't get delinquent and take you into foreclosure.
Can you be arrested if you MAKE PARTIAL PAYMENTS ON A DEBT?
No. However, you can be held legally liable for unpaid amounts. If you make an agreement with an ethical debt consolidation company, you can always make partial payments (compared with the original agreement you had with the lender when you borrowed).
Can someone else pay child support payments in Texas?
A volunteer can pay your child support payments for you but you should make certain you still have proof of payment.A volunteer can pay your child support payments for you but you should make certain you still have proof of payment.A volunteer can pay your child support payments for you but you should make certain you still have proof of payment.A volunteer can pay your child support payments for you but you should make certain you still have proof of payment.
Is it illegal to take a car out of state when you are still making payments on it?
Not as long as you continue to make payments on it.
Can you still lose your house after Bankrupty was discharge?
Yes, you can lose it if you do not make the payments on it. A bankruptcy discharge does not erase debt. It renders it nonrecourse -- meaning that you cannot be called upon to personally pay the debt. However, it does not affect liens. Therefore, if you don't pay the debt, the lien can be foreclosed.
Can you make partial payments to a debt collector and stop a lawsuit?
Partial payments to a debt collector may not necessarily stop a lawsuit, as they can still pursue legal action to recover the remaining amount owed. It's important to communicate with the debt collector to try to negotiate a settlement and potentially prevent a lawsuit. Seek legal advice to understand your options and rights regarding the debt collection process.
Do you still have to make mortgage payments on a short sale?
Yes.
If you are making some payments but not all can they still repossess your car?
== Repossession== If they are accepting payments - that will reflect negatively on them if they try to take you to court on a deficiency balance, however they have the right to demand full payment of the loan at any time and take the car if you don't pay. Also - if you are just sending in partial payments that doesn't mean they are accepting them. They need to agree to the partial payments and how long it will go on. You can't stop them from repo by sending in some money every month. More input from FAQ Farmers: * Yes, I have found out that if you are in default (even if you are attempting to make payments), the bank at any time, can repo your vehicle...unless otherwise stated in your contract.
Do you still have to make alimony payments if you were not paid while on vacation?
Yes.
How can you buy a house after it has been foreclosed and not sold at auction?
You can contact the lender or lien holder who foreclosed on the property and make your offer to them.
Can a cosigner be sued while original borrower is trying to make partial payments?
Sure. Partial performance = no performance. Or please, tell you boss if he has anything else he'd rather do with it, your fine with partial pay this month and next, and next....you wouldn't think of holding him (or unemployment insurance) responsible.
What do you mean by balance of payements?
I mean "how many payments do you still need to make?".
Is a promissory note still due if no payments were made on it and the time to make all payments has expired?
No. It has expired.No. It has expired.No. It has expired.No. It has expired.
