No. Your car gets repossessed, it's on you. You don't get to pass that on to someone else.
Hollywood Is Hard - 2011 The TV Gets Repossessed 2-8 was released on: USA: 2012
Yes you can retrieve personal belongings from your car if it gets repossessed. By law you are allowed 7 days after your car gets repossessed to retrieve your personal belongings.
You can be sued by the finance company to recover any money still owed to them after they auction the repossessed mobile home.
You will need to read you lease contract.
then theyre out of a home
It can if the lender gets a writ of replevin, the deputy can take it.
Just the same as if it was your car repossessed. Legally, you hold the same liability as the primary buyer.
If your name was on the note, yes.
The home was repossessed in 2005, the FMV and principal balance were both 133,252. The adjusted basis in the property was 114,000. It was a main home for 7 years. Is there a capital gain to be reported on schedule D?
Yes. The home was repossessed because you failed to make payments you contracted to make. Even though you no longer possess the home, the contract is still in force and must be satisfied unless the lender forgives it,