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If you make payments every month can you still lose your house?
Wiki User
∙ 14y ago
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.
Wiki User
∙ 14y ago
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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.
What is an example of a fixed cost?
Your rent might be $500 per month. It is a fixed cost. $500 per month. You can rely that every month you have to pay that fixed cost. If you have a house you bought but still pay the mortgage. The mortgage repayment may be $550 per month.
Can the laundry mat business make a lot of money?
my dad owns 3 big laundry mats he still to this day hasn't told me how much he makes every month or year but we all drive brand new cars and have a nice house.... my dad owns 3 big laundry mats he still to this day hasn't told me how much he makes every month or year but we all drive brand new cars and have a nice house....
Do you still have to pay back your mortgage if your house for sale?
Of course. Until you pay off the mortgage loan, you have to pay payments on the home.
What if the spouse dies and there is still a lien on the house but both parties signed the mortgage?
Most lenders will allow you to continue to make the payments as the loan is. Some may modify the loan. As long as you can continue the payments, you will be ok.
I was two months behind but still pay a payment every month. can the car still get repossessed?
If they are accepting your payments, they probably won't take your car.
If you have been making half your house payments each month can they still foreclose on it?
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.
Can a credtor still garnish your wages if you are paying as much as you can every month?
If you have an agreement to pay an agreed amount and make those payments, garnishment is unlikely.
If you own your car or house and are no longer making payments should you still have insurance on them?
If you own your car or house and are no longer making payments, should you still have insurance on them? Explain why or why not.
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!
What happens when you can pay your regular monthly payments but not your credit card debt?
If you pay what your suppose to every month regardless of debt your credit stays in good standing and increases however your still in debt.
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.
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 is an example of a fixed cost?
Your rent might be $500 per month. It is a fixed cost. $500 per month. You can rely that every month you have to pay that fixed cost. If you have a house you bought but still pay the mortgage. The mortgage repayment may be $550 per month.
Do you have a period every other month when you've had a fallopian tube removed?
You will still have a period every month with one Fallopian tube.
If your child turns 18 on the 4 of a month do you still get child support for that month?
Look at your child support agreement. Or contact DHR to regain a copy.
