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What is your recourse of action when clients are behind on their installment payments on your home?
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Does the lender of a second mortgage have any recourse if the payments become late?
Yes, they will report the late payments to the credit bureaus which will damage your credit score, and if enough payments are missed can commence a foreclosure action on the property.
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What is the best way to begin credit repair after a bankruptcy?
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Which companies offer debt factoring services?
Typically there are no individual companies that focus on debt factoring services. Business law firms will focus on debt factoring services. One law firm that specializes in business law is K&L Gates.
Does the lender of a second mortgage have any recourse if the payments become late?
Yes, they will report the late payments to the credit bureaus which will damage your credit score, and if enough payments are missed can commence a foreclosure action on the property.
Is Kentucky a Recourse or Non-Recourse or One Action state?
Kentucky is a recourse state, allowing the lender to seek judgments and damages from the borrower.
What is no recourse?
"No Recourse" means there is no positive legal action available. It is the lack of the right to obtain a judgment against or reimbursement from, a defaulting or opposing party.
What type of legal action can be taken if your car is reposed?
If the creditor and repo agency did their thing by the book, you really have no legal recourse. As long as the creditor holds the lien on the vehicle, it belongs to them, and they have a legal and binding right to reclaim it when you fail to make your payments. Besides, if you tried taking legal action, the judge would probably chastize you for your inability to make your payments in spite of being able to afford a lawyer, then throw the case out.
What is the best thing about Lexington?
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Is Florida a nonrecourse state?
No, Florida is not a non-recourse state. If a mortgage is foreclosed in Florida, the lender may sue for any deficiencies between the amount of the loan still owed by the borrower and proceeds from the sale of the asset. This applies to mortgages, home equity loans, etc.
Who will give you a credit repair loan?
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What happened if you were behind on payments and the lender offered to refinance and lower the payments and said you were approved and then repossessed the car?
Generally you would have to sign paper work if the bank had approved a refinance agreement . In that case you could take legal action . They could however reposses the vehical if you fell behind again on your payments after sighing the agreement. Guess what......... banks and lenders LIE !!!!! If it is not in writing then there is no agreement so you don't have any recourse. Unfortunately you learned the hard way.
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What is procedural law?
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Who do you call for late payments?
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What services are Lexington law office offering for credit repair?
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