0
What do you do if a person renting a home from you filed bankruptcy?
Wiki User
∙ 13y ago
If the renter can still make payments you do nothing. If the renter defaults on more than one payment, then file for court eviction unless you want to make special arrangements with the renter.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What if you have a home that you are renting can you buy another home after bankruptcy?
maybe
If you are a co-borrower on a mortgage and the other co-borrower has just filed bankruptcy will this affect your credit rating?
Yes. I co-signed for an auto loan and the other borrower filed bankruptcy without notifying me. I was in the process of buying a home and before I went to settlement they pulled my credit again and her bankruptcy came up - preventing me from getting the house. So yes it will affect your credit because it will show up on your credit report that that person has filed for bankruptcy.
If you filed bankruptcy would your house be foreclosed on?
If you file for bankruptcy the court will be in charge of finding a fair settlement. They can require the person in bankruptcy to sell their primary residence if that is the main asset of value. The rules vary by jurisdiction. Independent of the bankruptcy the lender who has a loan secured by the property can foreclose and force the sale of the home if the payments are not made as agreed. A bankruptcy does not release the borrower from keeping up the payments on the home loan. As most loans state, if you fail to keep up with your payments your home is at risk.
Can you stay in the home you are leasing if you declare bankruptcy?
Generally..if you're renting a home and do not owe any back rent than you can stay in the home..especially if you have a lease but if you are behind in rent than you can declare that debt in bankruptcy but it is up to the landlord whether or not he/she wants to let you stay.
Will my options for home mortgage interest rates be compromised by my having filed bankruptcy recently?
If you have filed bankruptcy recently your options for low home mortgage interest rates are going to be very slim, if they exist at all. In fact it will be hard to get a mortgage from a reputabel company at all, especially if a home was involved in the bankruptcy proceedings. It will depend on how recent the bankruptcy was, what all was involved in the proceedings and how you have resolved things since as well as finding a bank that may have a program designed to help people in your situation.
How long after your bankruptcy has been discharged can you purchase a home?
my brother filed then got married she has good credit but no job. they bought one a year after he filed but had to have a large down payment.
If you put a bid in for a home for sale by Aegis Mortgage Corp and they have filed for bankruptcy will they still be able to sell it to you?
You can buy it from the bank
Could the US government take the proceeds from the sale of you home if you have a judgment against you because of a student loan and you filed bankruptcy?
Yes. Federally funded student loans are not dischargeable in bankruptcy.
Where is the Accredited Home Lenders company located?
The Accredited Home Lenders company was a company which offered home loans. In 2009, Accredited Home Lenders filed for bankruptcy and are no longer in business.
What does owner occupied home mean?
An owner occupied home is a home that is lived in by the person who owns it, rather than by someone who is renting from the person who owns it.
I filed bankruptcy on the entire amount owed on my home will my ex only be reliable for half of what was owed since i filed on the entire amount owed?
Yes, Your ex should have the responsible for the half of what was owed.
Will your mortgage company know if you filed bankruptcy?
Yes. When you file bankruptcy you are required to fill out a number of forms. Schedule D is the form for Creditors holding secured claims and a home mortgage is a Secure Debt. You will have a complete list of all your creditors names, addresses, account numbers on a form called the Creditor's Mailing Matrix. The Bankruptcy court sends notification to all the creditors listed that you have filed bankruptcy.
