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Yes, you can lose your house even if you own it due to unforeseen circumstances such as financial difficulties, inability to pay property taxes, or legal issues.

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5mo ago

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What happens in a foreclosure, do you lose everything?

In a foreclosure, the lender takes possession of a property due to the borrower's failure to make mortgage payments. The borrower may lose the property, but the extent of what is lost depends on the specific circumstances and laws in place.


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.


Can you get a job at a bank if you have bad credit?

You can't, I've been trying for months. Even if you've had perfect credit in the past and due to unforeseen circumstances your credit takes a dive, no one cares. So all I can tell you is to try and file bankruptcy and get discharges on your old debt. Start over, and cross your fingers!


If you pay 1450 a month in rent and have a perfect payment historty will that help get a mortgage even if you have bad credit which is due to unforeseen circumstances not because of irresponsibility?

Your recent good payment history will definitely help, but if your credit score is low that may be a problem. Lenders don't generally care why the credit is bad, only that it is. That said, almost anyone can get a mortgage these days. Just be careful and fully understand the terms before you sign a contract.


What does landlord insurance cover in terms of loss of rent?

Landlord insurance typically covers loss of rent due to factors like tenant default, property damage, or other unforeseen events that make the property uninhabitable.

Related Questions

How did this occur?

It occurred due to a combination of factors, such as a lack of communication, misunderstandings, and unforeseen circumstances.


What is a sentence using the word circumstances?

Do not judge his behavior without knowing all of the circumstances. The circumstances that warrant self-defense are defined by law.


What happens if an NFL game is suspended due to unforeseen circumstances?

If an NFL game is suspended due to unforeseen circumstances, such as severe weather or a power outage, the game may be rescheduled to be completed at a later time or date. The decision on how to proceed is typically made by the NFL league office in consultation with the teams involved.


Why was the flight search canceled?

The flight search was canceled due to unforeseen circumstances that made it impossible to proceed with the planned search.


How do you use the word Postpone in a sentence?

Rather than postpone the football game, the clubs played in another nearby city.


Does trip insurance cover hurricanes and provide protection for unforeseen circumstances during your travels?

Yes, trip insurance typically covers hurricanes and provides protection for unforeseen circumstances during your travels. It can help reimburse you for non-refundable expenses if your trip is canceled or interrupted due to a hurricane or other unexpected events.


Does Flixbus always leave on time?

Flixbus does not always leave on time. Delays can happen due to various reasons such as traffic, weather, or other unforeseen circumstances.


What happens when an NFL game is suspended due to unforeseen circumstances?

When an NFL game is suspended due to unforeseen circumstances, such as severe weather or power outages, the game is typically halted and the players are taken off the field. The game may be resumed at a later time or date, or it may be canceled altogether depending on the situation. The decision is usually made by league officials in consultation with both teams and the game officials.


How has the spirit changed your flight times?

The spirit has affected flight times by causing delays or cancellations due to weather conditions, technical issues, or other unforeseen circumstances.


Why did the Greyhound bus not show up at the scheduled time?

The Greyhound bus did not show up at the scheduled time due to unforeseen circumstances or delays in the bus's route or operations.


Has an NFL game ever been suspended?

Yes, NFL games have been suspended in the past due to various reasons such as severe weather, power outages, or other unforeseen circumstances.


Why was the flight cancelled and how can I find out the reason for the cancellation?

The flight was cancelled due to unforeseen circumstances or operational issues. To find out the reason for the cancellation, you can contact the airline directly or check their website for updates and notifications.