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Is a secured party of equipment obligated to recover the equipment if the debtor defaults and abandons the equipment and abandons the property upon which the equipment is located?
Wiki User
∙ 16y ago
I think the key word is "obligated" i would say if i wanted to recover any funds I would recover the equipment because that will probally be the only funds you may see from the deal "walked that mile!"
Wiki User
∙ 16y ago
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If your name is on the mortgage but not the deed do you own the property?
No. In order to be the owner of real property you must be named as grantee on the deed. If your name is on the mortgage but not on the deed you have obligated yourself to pay for real property you do not own. If the primary borrower defaults the lender will go after you for full payment of the mortgage yet you do not own the property.
Are you obligated to allow tree trimmers on your property to have neighbors branches trimmed and if not are they liable for damages to your property?
I would not think so, and if you are obligated to let them in your property, then have them do the foot work and proof that your are obligated. Otherwise, if you don't want to, then say no until they show you that you have to by law.
If my husband owns a property with his ex-wife and they share the mortgage on the property am I liable for anything if he dies or defaults on the loan?
No. If he dies and defaults on the loan the bank's recourse is to take possession of the property by foreclosure. The bank has no claim against you.
What if a tenant abandons property in a rental in Florida?
Quite simple: the landlord may reclaim the property without judicial process.
How long can you stay in house after trustee abandons property?
You can stay as long as you keep making the mortgage payments.
Your parents died leaving a mortgage on the heir property are the heirs obligated to pay the balance of the mortgage?
Yes. If you inherit a piece of property, including a house with a mortgage, you are legally obligated to pay its bills.
Which Accounting standard governs treatment of property and equipment?
IAS - 16 Property, Plant and Equipment deals with matters governing of property and equipment.
Property responsibility means that each individual is obligated to take proper care of air force property?
Whether or not such property is issued with a receipt.
Can you write up a deed of trust pursuant to an owner's partial interest in a property if there are no other loans on the property?
Yes, but if the mortgagor defaults on the mortgage you can only acquire their partial interest by foreclosing on the mortgage.Yes, but if the mortgagor defaults on the mortgage you can only acquire their partial interest by foreclosing on the mortgage.Yes, but if the mortgagor defaults on the mortgage you can only acquire their partial interest by foreclosing on the mortgage.Yes, but if the mortgagor defaults on the mortgage you can only acquire their partial interest by foreclosing on the mortgage.
Where can one learn more about foreclosed property?
Foreclosed property is a legal term for when a lender tries to get their outstanding loan paid. The property owner defaults on payments so the property needs to be recovered.
If you buy a property with a foot trail that connects to another property with no structures what is your obligation to keep or maintain that trail?
You're only obligated to maintain that property which belongs to you.
Is property and equipment credit or debit?
property and equipment should be debited if they increases because both are assets
