Of course. That's what co-signers are agreeing to when they co-sign.
Ususually in BK a house is either voluntarily surrendered, because it is not possible for the borrower(s) to keep up payments.. Or the buyer reaffirms the loan with the lender and works out a plan to repay missed payments. If your mortgage payments are current, I see no reason why the lender would seek foreclosure.
It depends on the policies of that company. The terms and conditions on which the borrower agreed when taking loan.
In most cases the co-signer is in fact the borrower. I would think as long as you make the payments on time the lender will be o.k. with it, they usually want the money not the collateral back. I would read the finance contract(yes all the small print) there should be something stipulating the conditions for "due on demand". Hope thishelps.
The person/company that sold the car wants their money. They don't care who pays it, as long as it gets paid. Condolences for the loss of your husband, but you get to keep the car as long as you keep making payments.
How to find if deceased person owns stock in walmart
No. People file banktruptcy when they have debts they can not pay back. It is a way for the courts to determine what assets an individual has, the order in which creditors get paid off, etc. A foreclosure is an action that a bank or mortgage company files when a borrower is delinquent on payments. It's a way to bring to the courts proof that a borrower is behind on payments, and giving the bank the right to auction off the house to pay off the loan. Often, though, people file banktruptcy as a way to hold off a foreclosure. However, you still have to make your mortgage payments (or new schedule of payments set up by the bankruptcy court) once the banktruptcy is over, or you risk being foreclosed on.
Yes. The lender must notify the borrower of the pending foreclosure.Yes. The lender must notify the borrower of the pending foreclosure.Yes. The lender must notify the borrower of the pending foreclosure.Yes. The lender must notify the borrower of the pending foreclosure.
Not if the cosigner has been making the payments on time. But often the cosigner doesn't know the loan is in default until it is past due 30 days or more, so if you have received two or three (depends on state laws) Right To Cure Default letters, the bank can foreclose.
Call the mortgage company and ask why the payments are not being reported (its illegal to NOT report payments) Further, you can call the credit bureaus, and they will request the information from the mortgage company. Realize, that in some instances credit reporting can be suspended.
I LIVE IN LOUISIANA, MY MORTGAGE COMPANY GAVE ME THREE MONTHS DEFERRED PAYMENTS. NOW THEY ARE TRYING TO FORCLOSE ON MY HOME FOR THE DEFERRED PAYMENTS. I WAS SENDING PAYMENTS AFTER 2 MONTHS THEY REFUSE MY PAYMENTS BECAUSE THEY WANTED THE 2 MONTHS THAT WAS DEFERRED. CAN I SUE THAT COMPANY IN MY STate? desperate
If you did not notify the insurance company that the person was deceased and the executor of the estate did not cancel the policy, then the premiums would still be deducted and the coverage is probably still good until cancelled.
Preferred stocks and bonds are similar because they both receive regular payments from the company. With preferred stocks, one will receive regular dividend payments from the company. For bonds, one will receive interest payments on the debt that is owed by the company.
The answer depends on how the lease is written. If the lease payments stop then the company can choose to repossess the vehicle. If the family of the deceased and the company can reach an agreement then the family could take over the lease if all parties agree. as a death is involved an attorney may need to be involved.
Only if you stopped making payments and are behind on your on your payments.
Contact finance company
Bank's Insurance company
You can make monthly payments or yearly payments. You can even pay it in full if you have enough money for that. It all depends on the company however.