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What will happen if you voluntary surrender your house while in a trust deed?
Wiki User
∙ 11y ago
Unless you are very confused, you know that a trust deed is what some states call a mortgage. A voluntary surrender, if done carefully and probably with a lawyer's help, can result in the mortgage being terminated with no further liability to you. The tricky part is to make sure there is no tax liability on your part due to the cancellation of the balance due on the note.
Wiki User
∙ 11y ago
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What happens if your house is in trust and goes to foreclosure?
What happens? the bank forecloses of course. The fact that the house is in a trust doesnt change anything.
Can the executor spend money from the trust to fix up the house that is in trust prior to the sale?
Not on your nellie!
What is difference between foregoing and surrender of salary?
Foregoing: waiver of salary by an employee is called foregoing of salary. Since income under the head 'Salaries' is taxable on accruel or reciept, whichever comes earlier, the entire amount foregone will be taxable in the hands of employee. Eg: an employee directs his employer to give his salary to a charitable trust. The amound given to charitable trust is taxable in the hands of employee. Surrender: If an employee surrender his salary to the central government under the Voulantary surrender of salaries act 1961, the tax on such amound surrenderd need not be paid.
Can the husband rent the house if he has the mortgage in just his name if they both share the deed of trust?
Yes, the husband can rent the house if he has the Mortgage in his name but the Deed of Trust is shared.
Can you put a house with a mortgage in a trust?
Yes. There are almost no obstacles if you still own and live in the house after.
Do you get paid to work at dogs trust?
You don't it's voluntary .
Was membership of the Hitler youth movement voluntary or compulsory?
It was voluntary in idea but trust me most of the kids felt compelled after being brain washed in school and elsewhere.
I'm renting a house and people keep telling use stories about things that's happen in the house did some one die in this house?
Ignore them. Trust me nothing is wrong with your house :D But i;d be nervous too.
When was House Full of No Trust created?
House Full of No Trust was created in 2005.
When was Church House Trust created?
Church House Trust was created in 1978.
What can happen during a tornado?
during a tornado your house could be torn to pieces and alot could happen just make sure that you should have a place to go and that you will be safe. Trust me I am studing tis
What do you do if your boyfriend's best friend is his ex?
trust your man nothing is going to happen trust your man nothing is going to happen
What is required to leave a house in trust?
You have to have a trust (which can be set up in a will) and you have to identify what the trust is to be used for.
What gospel song chorus says i give you my all all and all i surrender all youre my every thing and i surrender my all and all?
i dont know but there is a very nice hymn that goesAll to Jesus I surrender;All to Him I freely give;I will ever love and trust Him,In His presence daily live.Refrain:I surrender all,I surrender all;All to Thee, my blessed Savior,I surrender all.We should surrender our life to the Lord
What is unconditional Surrender?
Unconditional surrender is absolute trust. It starts with acceptance of whatever happens in our life. That is the first surrender, surrender to the law of Karma, whatever unfolds is the reaction of our own past actions. We surrender to that without any question, trusting the law. Then comes surrender to what will be, when we hand over our life, our future, unconditionally. That is Divine unconditional surrender. We live without fear, or worry like a feather that surrenders to the air, like a leaf tossed on a river. So we must surrender.
What happen when you have to trust someone?
That depends on whether or not the person you are deciding to trust is trustworthy.
What did the Wampanoags make their house out of?
don't trust a hoe never trust a hoe don't trust me......
