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If your vehicle is repossessed but is worth far more than the unpaid balance of your loan when they auction it off will they pay you the remainder?
Laws says IF it brings more than you owe, you get the surplus. IF it brings less than you owe, you PAY the defiency.
Can they sell your house if you owe more than its worth to pay a loan off?
If you're upside down, they will look to you for the difference after.
What does declared insolvent mean?
Maybe look at another wedsite Insolvent means you cannot pay your bills, or more specifically, you owe more than you can pay based on your current income.
If car is impounded than auctioned do you still owe your lender and if so how should they be approached if still demanding full loan amount?
if you auction the car off and it sells for less you owe the lender you must pay the differenceif it sells for more then you owe the lender nothing
What happens if your repossession house is sold for more than you owe?
If your house is repossessed and is sold for more than you owe, you are supposed to get the extra, less the costs of the sale and perhaps also costs that the back incurred.
If your vehicle is repossessed but is worth far more than the unpaid balance of your loan when they auction it off will they pay you the remainder?
Laws says IF it brings more than you owe, you get the surplus. IF it brings less than you owe, you PAY the defiency.
After a car is reposessed and sold for more than you owe on the loan who get the difference?
if your car is repoed,and sold for more than you owe, you get the extra. this is fed. law. if sold for less,you pay the diff.
If you sell a car and you owe the creditor do you have to pay them the amount the car was sold for?
If you sell a car you owe a creditor a balance on, you pay the creditor the amount you owe him in order to get the title to the vehicle to turn over to your buyer. Anything over the balance owed to the creditor is yours to keep, assuming you sold it for more than you owed on it. If you sold it for less than you owe on it you will have to pay the additional amount out of your pocket to get the title.
Can they sell your house if you owe more than its worth to pay a loan off?
If you're upside down, they will look to you for the difference after.
What does declared insolvent mean?
Maybe look at another wedsite Insolvent means you cannot pay your bills, or more specifically, you owe more than you can pay based on your current income.
Car and you wanted to return to the bank and they did not want it back what can you do?
Hopefully sell it for more than you owe on it then pay it off and pocket the difference.
How do you get custom tires off of your repo vehicle that you still owe on?
you don't,it's part of the car now.even if you owe for the wheels , you more than likely won't get them back .you will still be responsible to pay for them
You tried to discus and a pay agreement but they want more than you can pay so now what do you do?
You and the party you owe debt to will have to work out an agreement for repayment. This may require the help of a mediator.
What if you owe more to the IRS than you can pay?
Contact them and establish a payment plan. Not being able to pay is NOT an argument that can even be considered for offers in compromise or any type of reduction.
If car is impounded than auctioned do you still owe your lender and if so how should they be approached if still demanding full loan amount?
if you auction the car off and it sells for less you owe the lender you must pay the differenceif it sells for more then you owe the lender nothing
What does encumbered?
you owe more than it is worth
How not to owe taxes?
Pay them, on time, or make so little income (and of yourself) that you owe none (be a burden rather than a prt of society).
