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What happens to existing judgments associated with prior homeowners after a home is foreclosed?
Wiki User
∙ 8y ago
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.
Wiki User
∙ 8y ago
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Is there homeowners insurance that covers pre-existing conditions?
No. Homeowners insurance does not cover un-repaired, pre-existing conditions.
Does insurance cover damage caused by prior owner?
Pre Existing DamageNo. Your Homeowners Policy would not cover pre-existing damage.
Does the State of Kentucky allow retroactive homeowners insurance claims?
Pre-existing home damage.Retroactive in what way? the state of Kentucky?Homeowners Insurance Policies do not cover preexisting damage to a home.
If you buy a foreclosed home at auction do you owe any Pre-existing debt For example the unpaid taxes from the previous owners Or is the home yours and you just pay the taxes from there on out?
kenny brewer
How is a Homeowners Association formed in an existing subdivision?
To form a Homeowners Association in an existing subdivision, a majority of the homeowners in the subdivision typically vote to establish the association. The process usually involves gathering support from homeowners, drafting and adopting governing documents such as bylaws and covenants, conditions, and restrictions (CC&Rs), and registering the association with local authorities if required. It is essential to consult with legal professionals and follow any state or local regulations regarding the formation of homeowners associations.
How is Home Loan Services Inc associated to First Franklin?
They bought a portion of their existing accounts
In The Simpsons is springfield from springfield massachucettes?
The Simpsons' Springfield has not been definitively associated with any existing Sprinfields
Does insurance pay for no plumbing underneath house?
Your homeowners insurance covers your existing structure for damages by the perils listed on your policy. If there is no plumbing to be covered, then it's obviously not. You can't insure what isn't there.
How long does a copyright infringement judgment last?
Judgments are based on existing caselaw and on the facts presented by the two parties to the presiding Judge. The terms of the settlement (amounts, time limits, etc) vary from case to case.
Where can one obtain instant homeowners insurance quotes online?
Instant homeowners insurance quotes can be obtain from most major insurance companies including Allstate and Statefarm. For most savings it is recommended to check with one's existing insurance company as they might be able to provide discounts for having other insurance policies.
How is willemite formed?
Willemite is usually formed as an alteration of previously existing Sphalerite ore bodies and is often associated with Limestone.
Saving Money on High Fuel Oil Prices?
With global fuel oil prices at record highs, many home and business owners are turning to the benefits that are associated with natural gas. The fossil fuel offers a wide range of benefits, and because it burns cleaner than fuel oil, it helps homeowners confront the problems that are associated with global warming. Retrofitting an existing fuel oil heating system to run on natural gas is also an easy job that requires a minimal initial expense.
