They sell property, pay off debts and distribute monies as directed by the will or the intestacy laws in effect. "Evenly" may not be the way it was directed.
Normally a repossession stays on your credit rating for 7 years. If you are repaying the loan, talk to the bank and see if they have reported it. They may or may not have.
the city/state will sieze the property and do 1 of 2 things... have an auction to obtain the monies owed and/or keep the property and do as they mean fit
yes yes yes
If marital monies were used, then the property is considered community property and subject to division base on your particular state's law.
Yes but it's almost unheard of. You would have to pay all back monies owed and pay for the repossession, but why would they chance you again and go through all the red tape if you ignored all their requests for money, phone calls, letters etc and let it get to repo stage.
The monies are not the property of the beneficiary until the executor has released them. Any assets of the deceased have to be provided to the executor for inventory and valuation. Only once the debts have been settled can things be released.
I suspect your using terms that are wrong or you don't understand. A trust deed is just the document that specifies the interest in property. It doesn't really even have anything to do with a mortgage or loan on the property. cerainlunly nothing to other finances.
Yes. That means in the event you try and sell your home, any monies received from the home their portion is given to them first. YES, IF the lender has a JUDGMENT against you.
Property handed down from father to child is an Estate and whatever is in that Estate such as monies; property or contents of the house; owning cars; boats, etc., is an inheritance to the child named in the father's Wills.
If the credit card company who put the lien on your property won a lawsuit - making it a judgement, then the charges never go away. When you sell the property, the first monies you get will go to them.
None of the exceptions you present would disqualify a person under 18 years of age from receiving Social Security Benefits attributed to the fathers Soc Sec Account. Whoever the court appoints or considers to be the legal guardian will receive the monies to be used for the benefit and welfare of the minor. However the Soc Sec Admn has specific rules which could eliminate any receipt of monies. Refer to the benefits section of the Soc Sec Admn web sit ssa.gov.
Well, if the bank has forclosed they are but can seek the monies from the new buyers. If you bought the tax certificate then you do.
The sale of a foreclosed property follows a process of collecting records of all monies due that are attached to the title. Once the foreclosure sale is complete, monies are paid out according to the priority of the claimants. If the sale does not fully pay all monies owed, the prior owners may be liable for the remaining debts.
Where's my monies...
Your wages could be garnished. What happens in a repossession is that the car is auctioned off. Then you are responsible for the remaining amount owed. * When a borrower is sued for monies owed and the plaintiff wins the case a judgment is entered against the debtor/defendant. Judgments can be executed in accordance with the laws of the state where the debtor resides. The preferred method is wage garnishment or bank account levy, followed by the seizure and liquidation of non exempt property or a lien against real property belonging to the debtor.
A Successor should be named in the policy as a person that personal property and monies will be transferred to after a decedent estate is distributed.
Yes, monies is the plural of money.
You are only responsible for the mortgage if you are willing to accept the debt. If you are not willing to accept the debt you simply allow the property to be entered into probate and foreclosed on by the lender. You are not responsible for any monies owed regarding said property even if it was "willed" to you unless you choose to do so.
Place a lien on the property,house,etc. You will have to go to the courthouse where the property is and file a lien against the person(s) who owes the money. If it's a house,building,etc. the property cannot be sold until the lien is solved. It varies by state so check with your local courthouse.
A real estate short sale is where property is sold less than market value in an effort to recover monies owed from the borrower's mortgage.
It all depends on the terms of the association contract you signed when you bought your property. There are all kinds of arcane language limiting a property owners rights in the HOA's. That's why I never buy property in an HOA.
Not unless it is so specified in the lending agreement. There is no state statute that prevents a creditor regardless of the nature of the debt from seeking recovery of monies still owed on a valid contractual agreement.
Texas recognizes community and separate property. Community property is divided in a just and right manner. This does not necessarily mean equally; there are factors such as differences in earnings of the spouses, the nature of the property involved, and fault in the breakup that the Court can consider in the determination of "just and right." However, an equal division is a good rule of thumb. She may not have to physically return the money but the judge may take that into consideration when determining what is just and right.
I'm entitle to monies from my native heritage