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What legal action can a seller take to regain his property when buyer has defaulted on loan payments?
Wiki User
∙ 16y ago
Whatever its says in the promissory note, in light of state laws that may restrict some types of actions.
For example, many notes state that you can accelerate payments, making the entire debt payable immediately; you may exercise a mortgage covenant and foreclose on the property, selling it at auction and keeping whatever it takes to pay off the debt and costs; you may repossess the property pledged as collateral and sell it to satisfy the debt, and so on.
Some states prohibit having a borrower sign an admission of guilt prior to loaning the money, but you can discuss that with your attorney.
Wiki User
∙ 16y ago
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What did the native Americans regain through court action?
Land
Is there a code that lets you regain lost data in blue rescue team?
no,but if you have a action replay device try going to game stop and asking them for a code to regain data.
Can you get your money back if you pay someones delinquent taxes and they decide to come back and get the property before a years time?
The owner will have to reimburse you in order to regain control of the property.
Can you get a student loan if you have one in default?
In the US, you can not get another Federally Guaranteed student loan if you have one in default. You can get another student loan if you consolidate your defaulted loans. To get help consolidating your defaulted loans, click on the link at the bottom of this text box.
Which court do you request an expungement from to regain rights for a convected felon in Georgia?
such expungement action is usually done by an attorney through the court
How could former Confederate leaders and former officeholders regain their political and property rights in the post-Civil War years?
get taxed higher
Can you put a lien on property you own that someone stole?
sure...however the validity of the lien may come into question...or you can file an action in supreme court to overturn a conveyance or to assert fraudulent conveyanceClarificationYou cannot place a lien on anything by your own authority. You must obtain a judgment lien through a court process. That is not the way to regain property that someone took from you. You must sue the thief and the court will render a decision. If the decision is in your favor and the property is real property the court will restore the property to you. It will not issue a judgment lien unless the property is personal property and cannot be returned. In that case, you can record the judgment lien against the defendant and it will affect any real property owned by the defendant.
How do you recover seized property u.s. customs and border patrol tx?
More information is needed in order to answer. If the property was seized as "contraband" or "evidence" or it had something to do with the transportation of narcotics, you probably cannot regain it, it is forfeited to the government.
What is the opposite word for regain?
regain
What did Odysseus regain?
Odysseus regain .............................
Which of Hammurabi's laws deals with property rights?
Property Damage: Flooding/Irrigation (53-56), Illegal grazing (57-58), Cutting down a tree (59) Restriction on use of force to regain possessions (114)
What is Ohio's regain?
Ohio's regain is East.
