if i get my car repossessed, can they put a llien on the house?
A home can get repossessed in many ways, the most common reason is that they owner of the house has not payed the bank the loan that they took out so as to by the house, or that the person hasn't pay many bills so they take the equivalent of the unpaid bills.
A lien itself? No. A lien is a claim of ownership. But if someone has filed a lien on a house, he's probably owed money, so penalties, fees and interest would apply there.
If your partner acquired her interest by virtue of a deed then the answer is no. The only person who can "sign off" their interest in the title to property is the person who own the interest.
Only a person who legally owns a home can sell it. If you "put someone else's name" on the home, it means you quit claim your interest in the home to them. They then have the right to decide whether or not to sell.
no i dont think any body would like their house repossessed because that will mean your a tramp, then u will be put in a dangerous place .. :'(
Unless you conveyed a portion of the house or were legally married, the former partner has no interest in your property.
Most likely not depending on what financial situation you're in.
then theyre out of a home
Ownership of real property is transferred by deed. If you already signed a quit claim deed, you already transferred your interest in the property. It no longer belongs to you.
Your husband's name is not on the deed, but is he on the loan? If yes, then it cannot be foreclosed and repossessed if the property is listed on his bankruptcy filing, and, as long as his bankruptcy payments are current. If he defaults on bankruptcy payments, then you can lose the property. If he is not on the loan, then your house can be foreclosed and repossessed.
Borrow more, or Buy a second house.
It is possible to work out a deal with the bank after it is repossessed. However, a new loan or legal agreement will have to be signed.
In general, yes, if you haven't files bankruptcy.
The person whose name you seek to remove must convey their interest to you by a deed.The person whose name you seek to remove must convey their interest to you by a deed.The person whose name you seek to remove must convey their interest to you by a deed.The person whose name you seek to remove must convey their interest to you by a deed.
Yes, they will pay. Insurable interest is a question at the time the policy is sold, not at the time the claim happens.
No. The house is attached to the land, so, the land is included in the repossession.
You claim your residency generally where you live, however, if you own property like a house in another state, you may claimThe state your home is located is where you pay your taxes as that is where you have a vested interest.
If you mean a "Quit Claim Deed". Here's your answer.For instance if you own a house and you just want out of it, no money, just out. You would sign a Quit Claim Deed to transfer all of your "interest" in that home to another person, giving up your responsiblity or "interest" to the house. This is signed in front of a notary public and filed with the courts and the mortgager. You then are no longer responsible for the payments, the other party is now legally responible for the debt. If they do not pay, you have one year to make up the payments and have it returned to you. If you don't want to do this, it shows no reflection on your credit.goog Quit Claim Deeds are typically when a person is looking to purchase a certain property but for some reason the chain of title is unclear, leaving the possibility that some person who claims no interest in the property may actually have some legal interest in that property. The buyer will ask the "non-claiming" person to sign a Quit Claim Deed to officially acknowledge that he/she does not make any claim to title. This protects the buyer from the person later coming back & saying, "You know, I do want to claim an interest in that property, now that it is more valuable (for whatever reason)!"
You owe the difference I think.
no they can not because it is not your house unfortunatley
The remainderman must execute a deed voluntarily that transfers their interest to another person(s).The remainderman must execute a deed voluntarily that transfers their interest to another person(s).The remainderman must execute a deed voluntarily that transfers their interest to another person(s).The remainderman must execute a deed voluntarily that transfers their interest to another person(s).
to claim something is yours. example: my staked his claim by saying the house was his
Pay them off. The interest keeps adding up until it is paid. It wil be paid when the house is sold before you see the money.
can you rent a house and claim esa