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What happens to existing judgments associated with prior homeowners after a home is foreclosed?
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.
What else can I help you with?
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.
Who pays for the renovation in love it or list it?
In "Love It or List It," the homeowners typically pay for the renovations. The show's designer, Hilary Farr, manages the renovation process, while the homeowners are responsible for the costs associated with the updates made to their existing home. The real estate agent, David Visentin, helps them explore new properties as an alternative. Ultimately, the decision to renovate or move is up to the homeowners, but they bear the financial responsibility for the renovations.
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.
What are some loopholes in judgments?
Some common loopholes in judgments include ambiguous language, inconsistencies with existing laws or precedents, lack of thorough reasoning or evidence, and biased decision-making. These loopholes can undermine the validity and fairness of a judgment.
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.
What are some options for existing homeowners looking to refinance their mortgages?
Existing homeowners looking to refinance their mortgages have several options, including refinancing to a lower interest rate, switching from an adjustable-rate to a fixed-rate mortgage, or accessing equity through a cash-out refinance. They can also consider refinancing to shorten the loan term or to remove private mortgage insurance (PMI) if they have built up enough equity in their home.
How is Home Loan Services Inc associated to First Franklin?
They bought a portion of their existing accounts
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.
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.
What are the benefits of a portable mortgage in the USA?
A portable mortgage in the USA allows homeowners to transfer their existing mortgage to a new property without refinancing. This can save money on closing costs and potentially lower interest rates. It also provides flexibility for homeowners who want to move without the hassle of securing a new loan.
