What happens when you have your mobile home repossed an you still owe money?
do you owe money for a mortgage with a bank. if so then that is why the bank repossed your property in the first place, and the sale at auction will be at a price where the bank sells your house for the amount of the note you have with them. if you owe money to credit cards you are still liable to pay . any other bills you have no matter for whatreason you owe them, the only out you have is to declare bankrupcy and all your bills will disappear, if you want you can reapply for credit cards after 2 years and start all over again.
You cannot make the rest of the down payment and the dealer wants the car back do they have to give us back your trade?
If a car is repossessed due to the payments not being met then there is a period of time where the repayments can be sorted, or if not the car will be sold to recover as much money as possible. Any outstanding debts will still need to be honored and finance companies often have power to sell your home to recover the debt. It is possible to get good insurance to cover this scenario.
If you own your mobile home what happens if you are evicted from the mobile home park you are renting a lot from and you dont have the money to move it?
The home is still yours, therefore you still have to pay rent as long as it sits there. But you have been evicted, so you cannot live there. Best bet is to see if the park will buy it or find someone to buy it. Get what you can for it. Or if its not worth alot to you, abandon it. This happens more than you would think. BTW, they are called "mobile homes" but…
It will most likely be resold ... the loan company paid for the car to whomever it was bought from. They need to recover the money they spent, and if selling that car again is what it takes, then they will take that approach. Some will say "that is selling the same car twice" ... no, not really - it was sold once and the buyer refused to make the payments. The car is owned…
It is recorded that the money is yours but your money is still in circulation. It isn't like a safe which holds each persons individual money. Your money could be used for someone else to withdraw their saving account, but your money is still available to you. When you get it back it just won't be the same exact coins or notes that you put in your savings account.
That's about it. The car is totaled. The money is still owed. If there was a loan, you'd better have insurance and if you are lucky, the insurance will cover MOST of what you still owe. Answer Your insurance co. is obligated by law to satisfy any payment up to the policy's limits. If there are money owed after that, you can sue the other driver for the money owed or be sued, whatever applies.
If after ten years the repossed car is still on your credit report do you have to pay the loan back?
Yes, you still have to pay. You signed a agreement stating that you would pay for the car. So the balance that you pay is the cost of the repossession and the cost of the vehicle after it is sold. No! Then company will try to scare you but you don't have to pay it because its still going to be on your credit report.
I want to make sure I answer this question, after talking to tmobile, because there is sites that want to charge 40 bucks for unlocking your phone and I called T-Mobile asking if they would unlock the T-Mobile phone for use with boost Mobile and they said no problem. It takes about 24 hours and they email you the unlock code with instructions on how to do it. I guess it would be worth the…
Can auto insurance be purchased for months that have already passed to avoid paying lienholder more money?
No, the lienholder usually forces insurance on you car and you are liable for the premium. When you purchase your own insurance they will take the difference from the premium off of your balance, but you will still be liable to pay for the months that you were not insured. I recomend you hurry and get insurance on your car. The insurance your bank provides is no good, not only that, but you can risk…
What happens if a sibling is left in there mothers will as a co-executor but still owed her money on a loan from her?
What if a vehicle is bought that has a lien on it from first owner but been through a number of other owners can that vehicle be repossed in Ontario?
Now that Ontario has the used car package, you should be aware if any outstanding liens are on this vehicle. However if you purchased the vehicle with a lien still on it you are liable for that lien and the vehicle can be repo'd. If the vehicle was bought through a dealer then they are liable for the lien. Also check the lien to see if it has expired, as this is a case that…