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Who do you sue if you were assaulted on a foreclosed property the foreclosed owner or bank who owns?
Wiki User
∙ 13y ago
They aren't responsible, how about the person who told you to be there or the person who assaulted you. Maybe nobody.
The bank is the legal owner of the property. The former owner has no rights to the property and therefore is not liable. But the first person you should sue is the person who assaulted you, unless they assaulted you in relation to trespassing on a foreclosed property, in which case, you have no case. Consult a Lawyer.
Wiki User
∙ 13y ago
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What does it mean when a foreclosed property reads that the property owner sold property to the bank for 1000?
That means that the owner had some equity in the property. The bank agreed to give them some of that equity for a clear title.
How do you become an owner of a foreclosed place as a squatter?
In most states squatting is illegal. If there is a property that is foreclosed and vacant and someone wants to purchase the property they need to contact the bank that owns the property and put in an offer.
Is the bank liable for Taxes and HOA fees on foreclosed homes in Florida?
The titled owner is responsible for taxes and assessments: if such an owner is a bank, the bank is responsible.
Should the tenant pay the bank or landlord on foreclosed property?
The Landlord
Do you need a license to buy foreclosed property?
No license is needed when buying foreclosed property mainly because nothing special is needed to buy property. When a bank auctions off a property all you need is money to buy that property and nothing else
Where can one purchase items from a foreclosed office property?
One can purchase items from a foreclosed office property when one contacts the bank which owns the foreclosed office. One should first inspect the items and then one can start negotiating for the best deals.
Do they lock unowned houses?
There is no such thing as an unowned house. The builder who built it owns it first, then they sell it to an owner, who sells it to another owner, and so on. If it is foreclosed on, the bank owns it. If it left vacant after the owner moves away, that owner continues to own it. If the owner dies and no on inherits the property, the state owns it. Vacant houses are generally kept locked.
How can you buy an investment property?
You can purchase an investment property either through a local real estate agent or through a bank selling foreclosed homes. The foreclosed home route offers you a cheap entry point compared to most other options.
What does foreclosed real estate mean?
Foreclosed real estate is a property which may or may not include a domicile that was repossessed by a bank or other lender organization because the original leinholder went into default either directly with the bank or to a third party (i.e. the state)
What happens if you do not pay your property taxes while getting ready to have house foreclosed?
You will no longer be responsible. The bank will have to worry about that after they foreclose your home.
Can anyone mortgage any property without the signature of the registered owner or does it require the signature of the owner?
Of course not. When a property owner gives a mortgage to the bank they must sign over an interest in their property so that if they default on the mortgage the bank can take possession of the property by forelosure. You cannot pledge property as security for loan if you don't own the property. Granting a mortgage to a lender requires the consent and signature of the owner.Of course not. When a property owner gives a mortgage to the bank they must sign over an interest in their property so that if they default on the mortgage the bank can take possession of the property by forelosure. You cannot pledge property as security for loan if you don't own the property. Granting a mortgage to a lender requires the consent and signature of the owner.Of course not. When a property owner gives a mortgage to the bank they must sign over an interest in their property so that if they default on the mortgage the bank can take possession of the property by forelosure. You cannot pledge property as security for loan if you don't own the property. Granting a mortgage to a lender requires the consent and signature of the owner.Of course not. When a property owner gives a mortgage to the bank they must sign over an interest in their property so that if they default on the mortgage the bank can take possession of the property by forelosure. You cannot pledge property as security for loan if you don't own the property. Granting a mortgage to a lender requires the consent and signature of the owner.
How do you give a foreclosed house back to the bank?
When the bank foreclosed on the house, they took it back. Now it's time to move out.
