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When will creditors foreclose?

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Anonymous

15y ago
Updated: 8/18/2019

After you default, do not come current, and don't respond to any other kind of notices.

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Wiki User

15y ago

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Related Questions

What is the prefix for foreclose?

The prefix for "foreclose" is "fore-".


What is the word foreclose when changed into a noun?

Foreclosure is the noun variant for foreclose.


If you are the administrator to someone elses estate and you foreclose on your own home are you compromising the estate?

No. The foreclosure of your individually owned real estate will not affect the estate you are administering. However, your creditors may go after any inheritance you may acquire if they find out about it.


Can you foreclose a mortgage with a copy of the note?

No. You can only foreclose a mortgage if you own it as evidenced by documentation that was recorded in the land records.No. You can only foreclose a mortgage if you own it as evidenced by documentation that was recorded in the land records.No. You can only foreclose a mortgage if you own it as evidenced by documentation that was recorded in the land records.No. You can only foreclose a mortgage if you own it as evidenced by documentation that was recorded in the land records.


What happens if you allow one property to foreclose but have another property in good standing How does this hurt your credit?

It will go bad on your credit report anyay. What you got left does't matter. Creditors want to know how you may, can, did, might do, and do, pay up on their current accounts.


Can you foreclose without a note?

no


What is the synonym for foreclose?

preclose


What is the prefix of foreclose?

before


When in bankruptcy and bank wants to foreclose on your house what can you do?

If you're officially in bankruptcy, that puts a temporary hold on foreclosure proceedings. It doesn't matter what the bank wants, by law they have to wait with all your other creditors while the bankruptcy court sorts out who's going to get paid and how much.


What happens if you can't pay your second mortgage?

The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.


Can bank come after your savings account if you foreclose on your home?

no, not if it is a 1st mortgage. because of the mortgage tax relief act of 2007


Examples of creditors ledger and a creditors journal?

creditors journal

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