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What else can I help you with?
Can a landlord sue for back rent if they lose the property in a foreclosure?
The tenant owes the rent to the landlord up the day of a foreclosure sale.
Do you continue to pay rent when a foreclosure sale has been postponed?
Yes. The tenant owes the rent to the landlord, right up until the foreclosure sale happens.
Who is responsible for an insolvent condo maint fee when the daughter inherits the condo but gives it back to the bank because her father owes more than its worth?
If the association has filed a lien for unpaid assessments, and the lien has a priority status over that of the mortgage lender -- potentially only some of the -- unpaid assessments will be paid from the foreclosure sale of the unit. In any event, if the daughter inherits the title, she also inherits the debt.
What is the director fees journal entry?
The journal entry to record director fees typically involves debiting an expense account and crediting a liability account. For example, if a company owes $1,000 in director fees, the entry would be: Debit "Director Fees Expense" for $1,000 and Credit "Accrued Liabilities" (or "Accounts Payable") for $1,000. This reflects the expense incurred and the obligation to pay the director. When the payment is made, the liability account would then be debited, and cash would be credited.
Can a landlord who's house went into foreclosure and he fill bankrupt and he has a section 8 tenant living in the unit 8 tenant still have to pay their family tentant contribution?
It might be best to ask the Housing Authority that issued the voucher. Bankruptcy has nothing to do with the tenant. As far as the foreclosure, it depends on what stage the foreclosure is in. Until the foreclosure sale happens, the tenant owes the rent to the landlord.
Can an executor sue a ex spouse who owes money to estate after 10 yrs?
It will depend on the documentation and when the debt was incurred. The executor can bring suit on behalf of the estate.
Why would a homeowner need to hire a foreclosure attorney?
A homeowner may need to hire a foreclosure attorney if they are being foreclosed upon by the bank or lender, or person who provided the mortgage. If a person owes more on his home than the home is worth, the bank may try to foreclose on the home, in which case, one would need a foreclosure attorney.
On an invoice the invoice total inludes?
An invoice total will be the full amount the customer or client owes you. This amount will include all fees and any taxes.
If a bank foreclose on a condo or townhouse is the bank then responsible for the maintenance fees in the state of Illinois?
Generally, it's common knowledge that bankers are not in the real estate business, and when they become involved in it, they are 'not very good at it'. Assessments are owed by the title holder. When the bank holds the title, the bank owes the assessments. They may not know this, and can be reminded by the board. Association counsel may be involved, if a stronger, more firm voice is required.
What is incurred debt?
Incurred debt refers to the amount of money a borrower owes as a result of borrowing, which can include loans, credit card balances, or other forms of credit. It reflects the total financial obligations that have been established through agreements with lenders, where the borrower has committed to repay the borrowed amount, often with interest. This debt can impact an individual's or organization's financial health and creditworthiness.
What is it the amount of money that a country owes another country called?
The amount of money that a country owes another country is called sovereign debt or foreign debt. This debt can arise from loans, bonds, or other financial obligations incurred by a government. It is typically expressed in the currency of the creditor country or in a widely used currency, such as the U.S. dollar. Managing this debt is crucial for a country's economic stability and creditworthiness.
What term describes the amount of money a nation owes?
The term that describes the amount of money a nation owes is "national debt." This debt is the total of all outstanding loans and financial obligations incurred by the government, typically resulting from borrowing to finance budget deficits. National debt can include both public debt, which is owed to external creditors, and intragovernmental debt, which is owed to various government agencies.
