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What is a deficiency judgment tied to property and how do you benefit when trying to rent an apartment?
Wiki User
∙ 12y ago
I will answer the 1st part of the question "What is a deficiency judgment tied to property".A deficiency balance is whatever is left of a loan when the security has been sold--such as a repoed car is sold for less than the loan amount plus repo costs, storage, title & taxes, the balance remaining on the loan after applying what the car sold for is a deficit balance.A judgment was filed by the lending company to recover whatever money is still due them anda judgment automatically ties to real estate property if the borrower owns a home.
Wiki User
∙ 12y ago
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A person has right to survivorship to property in Ct and the spouse who died had a judgment lien on the property in his name only is this lien still valid?
No. A benefit of owning property by survivorship is that the moment one owner dies their interest in the property disappears and the survivor is the sole owner. The creditor is out of luck.
Can you rent an apartment on unemployment benefits?
Each state sets its own requirements, but in general, receiving rent from rental property could be considered "self-employment" and therefore income would be reduced from benefits on a prorated weekly basis, to the extent it was less than the benefit. If it exceeded the benefit, you would not receive it.
What power takes personal property to benefit the public?
The power to take personal property to benefit the public is called eminent domain.
What is the opposite of private property?
The opposite of private property is public property, which is owned collectively or by the government for the use and benefit of the general public.
Where might one go to learn more about the symptoms of zinc deficiency?
If you want to learn about symptoms of Zinc Deficiency, the one person you should be heavily interested in seeing would be a Nutritionist. A Nutritionist would be able to explain every aspect of the symptoms one would experience with a Zinc Deficiency. Also have the benefit of learning how to control it and ending your deficiency.
How long should you wait after you get your lawsuit to file bankruptcy?
Winning a lawsuit will have no impact on your ability to file for Chapter 7 bankruptcy. If you are a judgment creditor, the judgment might become an asset of the bankruptcy estate and the bankruptcy trust might choose to sell the judgment or enforce the judgment for the benefit of your creditors.. if someone files bankruptcy on as credit card does that a third party has charged on and the debt is cleared dose the third party continue paying for a debt that is no longer there
Can a VA benefit be used or attached to settle a lawsuit?
SS and Veteran benefits are not subject to judgment garnishment for creditor debt. They can be attached if the judgment is awarded in something such as a personal injury suit.
Can I claim the benefit of housing loan if the property is in my wife name?
Not if the loan is not in your name.
Which of the following is NOT a benefit of effective listening?
One benefit of effective listening is miscommunication. Effective listening helps in understanding the speaker's message accurately, building stronger relationships, and fostering trust.
When must insurable interest exist in a property policy?
Insurable interest is when a person receives a financial or other type of benefit from the continuous existence of the object that is insured. When dealing with property a person is entitled to insurable interest of the property up to the value of the property but not over the value of the property.
When must an insurable interest exist in a property policy?
Insurable interest is when a person receives a financial or other type of benefit from the continuous existence of the object that is insured. When dealing with property a person is entitled to insurable interest of the property up to the value of the property but not over the value of the property.
What incentive does owning private property give people?
Owning private property allows you to conduct whatever, legal activity, you want. It is a benefit to own private property for a means to conduct your own business, where you want.
