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What happens to the liens on a property if it is lost to foreclosures?
Wiki User
∙ 16y ago
The liens are usually in place when the bank or loan company takes possession of the property. The company/bank can pay off all liens and clear the title for resale or it can be put to auction with leins in place. Monies from sale are first used to clear title before new owner can take legal possession. Regulations can be different depending on type of property and state.
Wiki User
∙ 16y ago
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What happens when mortgage note is lost?
If you are a lender or note holder and have lost the original promissory you can lose your right to gain timely control over the property in a foreclosure situation. The original note is the only document that can establish the terms, conditions and the note holder in due course. Without being able to establish these the courts are at a loss as to who has what rights. In some cases you can write up and record a replacement promissory note assuming the payer is cooperative.
Will you receive a 1099-C on a property you were foreclosed on?
Yes, you will receive a form for a foreclosure property that you have abandoned. I just received one and is still lost about it. I don't know what the consequence of it. The best thing I would recommend for you is talk with a tax adviser and see what he or she recommend.
You received notices that the property that you rent went into forcloser It is now being sold by the bank The owner who lost the property is sueing you for 3 months past rent what can you do?
DO NOT give the landlord any money. If the bank has taken possession of the property itmay be your obligation to pay the bank and not the (former) landlord. Call the bank before you pay anybody anything !!!
What happens when a debit card is lost?
First, you must ring/visit your bank to cancel your bank card, telling them that you've lost it. They will cancel your card, making it impossible for it to be used by people that may have found it. At the same time, they will order you a new one
What happens if you lose your ATM card?
You need to ring your bank immediately and get it stopped. You will then be sent a new one. Note if you do not tell your bank you have lost it you are liable for any money stolen using it.
What happens to a tax lien on a property lost in foreclosure?
Tax liens are not wiped out by a foreclosure. They must be paid in order to clear the title to the property so that it can be sold. If the lender has to pay them it will add that amount to the amount you owe.
When was Heaven's Lost Property created?
Heaven's Lost Property was created on 2010-10-01.
How many episodes does the Heaven's Lost Property has?
Sora no Otoshimono or Heaven's Lost Property has 13 episodes and the second series Heaven's Lost Property Forte has 12 episodes .There's also a movie titled Heaven's Lost Property the Movie : The Angeloid of Clockwork .
Can you register insure and inspect a motorcycle in PA without having the title if you know it has no liens on it just a lost title?
You will need to get a duplicate title. The states will require proof positive that there are no liens against it before registering same.
What actors and actresses appeared in Lost Property - 2009?
The cast of Lost Property - 2009 includes: Pete Edmunds as The Gardener
How much property was lost due to fire in 2000?
In 2000, there was more than $5 billion in lost property due to fire
What are the ratings and certificates for Lost Property Hong Kong - 2007?
Lost Property Hong Kong - 2007 is rated/received certificates of: Germany:o.Al.
What happens to the containers that are lost at sea?
they are just that- lost.
What actors and actresses appeared in Lost Property - 2011?
The cast of Lost Property - 2011 includes: Michael Farrugia as The Man Aenea Himbury as The Witch
What happens if your house is flooded Do you get money to pay for all the items you lost?
You would need to contact your insurer to confirm first, if you have flood insurance, and then what personal property will be covered under the policy.
What is lost and found department?
Most large police Stations, Railway Stations, Shopping Centres, and so on, will usually have a 'Lost Property Department' where any lost property handed in will be kept until the owner returns to claim their property. In the case of the police (at least in the UK) they will periodically offer unclaimed property for public auction.
How much property was lost as a result of Chernobyl?
All of it.
