answersLogoWhite
Landlord-Tenant Issues
Home Buying
Deeds and Ownership

What to do if one owner is not making house payment?


Top Answer
User Avatar
Wiki User
Answered 2008-05-07 22:33:51

The mortgage payments must be made or the lender will foreclose the mortgage.

001
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Your Answer

Still Have Questions?

Related Questions

Can one owner keep other owner out of house?

No. Not without a court order.


Voluntarily had a car re-poed and am paying the balance can the main buyer be taken to court to pay back the payment?

no, if you were the current owner of the car or the one making payments it is your responsibility to pay the balance


What happen if the owner of a house died and it is not paid yet?

sell the house and get another one


What is the definition of a 'payor'?

A payment is the transfer of wealth from one party (such as a person or company) to another. A payer is the party making a payment. The payee is the party receiving the payment.


How can one make a payment to the Capital One credit card company?

There are many ways to make a payment. Capital one accepts payments by check (via post), by telephone, but you can save time and money by making an online payment with Captial One's online bill payment services.


What kind of shop did the owner of the House of the Seven Gables open in the front of the house?

one cent shop


Can you have the insurance in your name but the car is registered to someone else?

Generally, no. The owner of the car must be the one on the insurance policy. In the case of a claim, the payment will be made to the owner and any lawsuit for damages will be filed against the owner. However, state laws vary and you should check the laws in your jurisdiction by calling a local car insurance agency or the DMV.Generally, no. The owner of the car must be the one on the insurance policy. In the case of a claim, the payment will be made to the owner and any lawsuit for damages will be filed against the owner. However, state laws vary and you should check the laws in your jurisdiction by calling a local car insurance agency or the DMV.Generally, no. The owner of the car must be the one on the insurance policy. In the case of a claim, the payment will be made to the owner and any lawsuit for damages will be filed against the owner. However, state laws vary and you should check the laws in your jurisdiction by calling a local car insurance agency or the DMV.Generally, no. The owner of the car must be the one on the insurance policy. In the case of a claim, the payment will be made to the owner and any lawsuit for damages will be filed against the owner. However, state laws vary and you should check the laws in your jurisdiction by calling a local car insurance agency or the DMV.


How does a dog have a dog house?

A dog has a dog house because an owner makes it for the dog.


Is a joint mortgage needed for joint ownership?

Not necisarily. If you are married and the house was bought after the marriage then no. If you are married and the house was bought before the marriage and the person that did not originaly buy the house made one payment on it or you had a joint account that the payments came out of, then they are half owner. If you are just living together with no marriage, then the house it the person's that bought it, but you have to be carful of common law marriage.


Can you buy a house with no credit?

Yes you can I do it all the time. First way is buy for sale by owner, you find a person who's house is paid for and wants to sell it. I have purchased some with no down payment and very low monthly. I purchased one from a older couple who just wanted money to live on so they did not want a big pay off just $500.00 a month till they pass away. I also purchased a home from a couple who wanted out I just got a quite claim from them and I started making the payment to the house. All these deals have work well for me so good luck!


The Lomans have to make only one more payment to pay off?

the mortgage on the house


The Lomans have to make only one more payment to pay off what?

the mortgage on the house.


Lomans have to make only one more payment to pay off?

the mortgage on the house.


Can one owner force 2 others to sell house?

An owner would have to obtain a judgment from a presiding court to force the sale.


What ways can one usually submit a car insurance payment?

When making a car insurance payment there are many ways to do so. One could either send payment through the mail, pay online, pay with their phone, or pay over the phone.


What are the advantages and disadvantages of a turnkey contract?

A turnkey contract is one in which an independent agent agrees to furnish materials and labor to finish a project and then turn it over to the owner for a fixed price. Advantages for the business owner: No outlay of cash until the project is done. Advantages for the one making the project: Gets a lump sum payment when the project is turned over to the owner. Disadvantages for the owner: Trusting someone else to deliver a quality project. Disadvantages for the maker of the project: Outlay of cash for materials at the start.


How would you use factotum in a sentence?

The boarding house is managed by the owner and one factotum.


How do you build credit?

Buying a house and making your mortgage payment on time is one way. As well as making regular and ON TIME payments on all your bills! The simplest way is with a credit card. Just be sure to pay off the balance each month to build "good" credit.


What can a co owner of a duplex due about non-payment from the other owner who lives in one of the units?

Make certain to keep the bills paid and make certain you keep a record of proof that you paid them. You will need to sue the co-owner for reimbursement.


What is the average monthly house payments?

That is one heck of a good question, what is the average monthly house payment, visit this website and you well get the answers that you want. No I am just kidding, the average monthly house payment would her $900. It all depends on what kind of house you want to buy. A big house it would be more, a little house it would be less.


Who is Mark Boeing?

Mark Boeing is owner of one of the biggest airplane making company in the world "Boeing".


Where can one find a house for sale by owner?

There are many places a person may find a house for sale by owner. The location of these properties varies by state. An individual may check their local real estate classified advertisements for homes that are being sold be the owner. A person may also check on Craigslist for homes for sale by the owner.


Can a company repossess your car if you are making your required payments on time every month but were behind one payment from the year before?

but were behind one payment from the year before?":**** you answered your own question, didnt you? Pay them $5.00 per month on the way behind payment and maybe they will be quiet. LOL


Could a family buy a apartment complex make a rent payment toward the the loan payment and have tenant's who pay rent that goes toward upkeep?

Buying an apartment complex is one thing; charging rent is another. No one can force a landlord to allocate any rent received to go toward the loan payment for the complex owner.


Can foreclosure be stop if refinance with a cosigner?

Yes you can get refinanced up the day they forclose If you are the owner of this property, and you are the one responsible for making payments, and you are the one who is on title, and you are really the one that is the real owner of the property, do not try to bring in a straw buyer - it is a federal offense and you will go to jail. If anyone tells you to stop making payments on your home to qualify for a loan modification, or to stop foreclosure, they are wrong. Honesty must be your number one priority. If someone tells you not to send your mortgage payment to qualify for a loan modification, don't do it. Lenders will work with you, they are stakeholders in your investment, they are investors in your property, just like you.


Still have questions?