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Forclosure.
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∙ 12y ago
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What happens if collateral used for loan is sold before the loan is repaid?
You are still responsible for paying the loan as before.
What happens if you stop paying your car loan?
Repo.......homo
What happens if up you stop paying your car loan and move to a different state?
It is a felony if you take the car across state lines and you are no longer paying on your loan.
What happens if a co signer on a car loan passes away?
The surviving borrower is solely responsible for paying the loan.The surviving borrower is solely responsible for paying the loan.The surviving borrower is solely responsible for paying the loan.The surviving borrower is solely responsible for paying the loan.
How can you define loan recovery?
Loan recovery is when a loan or debt is recovered either in part or in full. This happens after the loan has been classified as bad debt, meaning the borrower will not be paying it back.
What happens if you have personal loan in Dubai and left the country without paying?
you get a pole up your jacksie
What happens when a co signer dies and you stop paying on car loan?
bank takes back
What happens when your loan is not paid off and you still have the car?
You can still have it ,but you will be paying heavily for it and have no resale value for it.
How do you get out of co signing on a property?
The only way to remove yourself from the obligations of co-signing a loan is to pay off the loan and refinance it in the primary borrowers name. Until that happens you are fully responsible for paying the loan if the primary borrower fails to pay.The only way to remove yourself from the obligations of co-signing a loan is to pay off the loan and refinance it in the primary borrowers name. Until that happens you are fully responsible for paying the loan if the primary borrower fails to pay.The only way to remove yourself from the obligations of co-signing a loan is to pay off the loan and refinance it in the primary borrowers name. Until that happens you are fully responsible for paying the loan if the primary borrower fails to pay.The only way to remove yourself from the obligations of co-signing a loan is to pay off the loan and refinance it in the primary borrowers name. Until that happens you are fully responsible for paying the loan if the primary borrower fails to pay.
Can you get out of a co signed home loan?
Only by paying off the loan.Only by paying off the loan.Only by paying off the loan.Only by paying off the loan.
What happens if you are a cosigner on a house that is being foreclosed on?
The foreclosure will affect your credit record. You are fully responsible for paying the loan.
What happens if you are a borrower and the co-signer dies?
If the co-signer dies the surviving borrower is responsible for paying the loan.
