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You purchased a timeshare vaca pkg and am in over your head What happens if you allow it to go to foreclosure and can they attach to my paycheck?
Wiki User
∙ 12y ago
They will receive a judgment on the property and can collect the money any way they want, including garnishing your wages, checking and savings account. So if you ever paid with a check they have your information and can get a court order to remove all the money from your account.
If you have a money deposited on the bank, there's a chance that they will collect it through a court order.
I'm sure they will find ways to know about your bank accounts so that they can collect through it. They do this legally with a court order.
Off course, they will seize your bank account as a way to get a payment.
Wiki User
∙ 12y ago
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What happens to your down payment in foreclosure?
The money is gone after foreclosure.
What happens if a piece of property you purchased by quit claim deed has a mortgage against it?
You must pay the mortgage or the lender will take possession of the property by foreclosure.
What happens if I don't pay my mortgage?
Unfortunately, foreclosure happens.
What happens when Rented property goes into foreclosure?
It is the same process as any other foreclosure, except that at the conclusion of the foreclosure, the tenants will be forced to leave.
What happens to homes in foreclosure?
The homes in foreclosure are sold at auction after notice and publication of the date, time and place.
What happens after a judgement of foreclosure on a mortgage?
although itis principle of law that amortgage isalways mortgage.but foreclosure is rule due to which the last benificiary receive the money from property after using his right of foreclosure.
What happens to the first Deed of Trust when the second is in foreclosure?
SInce the first is in a superior position, nothing happens to the first. Any purchaser at the foreclosure sale would then have to pay off the first deed of trust.
What happens after a house goes into foreclosure?
you get kicked out and you live outside instead of inside
What happens after foreclosure?
After Foreclosure, One should find a decent, affordable place to live and to start rebuilding credit.The best way to plan the next step, is to learn as much as he can about the rental and home buying options after foreclosure.
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.
What happens when your home is sold in foreclosure due to common charges?
The result is that you lose your home.
What happens during a foreclosure?
After a default by the borrower the bank takes possession of the property and sells it.
