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* Your credit rating gets really bad * The bank forecloses on the loan * The bank sells the house for as much as they can get * After taking out the legal costs, if there is any equity, they would send a check. * Reality is that they won't recover the balance and costs and will bill you for the rest of the amount owed.
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∙ 14y ago
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Can you stop paying child support if you move back into the house?
yes, but you have to go to court and prove it.
When you move from one state to the another?
if i am paying alimony in florida and move to new jersey can i stop paying alimony to my ex wife
You pay chld spprt for a 17yo daughter - If x has her bf move n and he moves his 8yo daughter n 2 the house also can you stop paying chld spprt to your x and pay dirctly 2 17yo or stop paying at all?
You're old enough to be paying child support and yet you talk like a middle school child?
What happens if up you stop paying your car loan and move to a different state?
It is a felony if you take the car across state lines and you are no longer paying on your loan.
Can they Take your house if you stop paying credit cards?
sometimes they can sometimes they cant it depends how much you spent
What age can you stop paying for your tv license?
What age do you stop paying for a tv license
Can you get the electric company to stop suppling electric to your house?
Yes. Call them and tell them to disconnect service. OR... (and I wouldn't suggest doing this) ... stop paying the bill-- eventually they will disconnect you.
If a business loan has your house as collateral what happens if you stop paying payments to the bank?
You will lose your House and everything in it.The bank has the right due to the fact you signed your name.
What is it called to stop paying off debt?
To stop paying on a debt is to "Default" on the credit agreement.
What if you stop paying your mortgage?
You will lose your house. The time period is variable and the exact conditions are somewhat negotiable, but the end result is foreclosure.
I am paying child support payments until she's 22 when do I stop paying do I stop on the 22nd or do I continue paying until the 23rdbirthday?
on her birthday
If you make payments every month can you still lose your house?
No, because you are meeting the requirement's of the loan. It is when you stop paying the loan payments that you loose your house. Then, they have a reason to get their money back.
