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It can be aslong as they have permission to enter the home they cannot enter without permission or they can be arrested for breaking and entry

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17y ago

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What can you do if your home gets repossessed?

Get a job


How does a home get repossessed?

A home can get repossessed in many ways, the most common reason is that they owner of the house has not payed the bank the loan that they took out so as to by the house, or that the person hasn't pay many bills so they take the equivalent of the unpaid bills.


Can you be made bankrupt if your home is repossessed and you have secured loans?

Yes, you can be made bankrupt if your home is repossessed and you have secured loans. When your home is repossessed, any outstanding secured debts may still exist, and if you cannot repay them, it can lead to bankruptcy. Bankruptcy occurs when you are unable to meet your financial obligations, and repossession can exacerbate that situation by leaving you with significant debt. Ultimately, the decision to declare bankruptcy depends on your overall financial circumstances.


How can you purchase a home when you are a co-signer to someone elses home?

You must be able to prove documentation that the primary borrower and not you have made all the payments on the loan you co-signed for, ie. cleared checks, bank statements showing payment. If you can provide your loan officer with that information, he/she should be able to avoid that obstacle. If you want to pursue this, contact me and I can attempt to assist you.


Can you be made bankrupt if your home is repossessed?

Yes, you can be made bankrupt if your home is repossessed, but the two events are not directly linked. Bankruptcy occurs when an individual cannot repay their debts, while repossession happens when a lender takes back a property due to mortgage default. If the repossession does not cover the outstanding mortgage debt, you may still owe money, which could lead to bankruptcy if you are unable to pay other debts. Additionally, the financial strain caused by losing your home can contribute to an overall inability to manage your debts, potentially resulting in bankruptcy.

Related Questions

If your tree falls on someone elses vehicle will your home insurance cover it?

You home owners liability insurance should cover it.


What do you do if you forgot your math textbook at home?

borrow someone elses or use a spare or tell your teacher and ask if you can phone home for someone to get it if no one home just use a spare or phone home


Can I have someone elses mail forwarded to my home without their permission?

I would say no, I'm pretty sure that you have to have their permission.


What can you do if your home gets repossessed?

Get a job


Where can someone go to buy children chairs?

Many home furniture stores carry a section of chairs and furniture tailored specially for children. To find a list of home furniture stores in your area, check your local yellow pages.


Where can someone purchase Eurway furniture?

One can purchase Eurway furniture at Austin, Texas. This company sells office and home furniture, lighting and accessories at great price and is an alternative to Ikea.


Where can someone buy library bookcases?

Avid readers will often turn a spare room in their home into a library. Bookcases for a home library can be purchased online at One Way Furniture or Everything Furniture.


Can you be sued if you let your mobile home be repossessed?

You can be sued by the finance company to recover any money still owed to them after they auction the repossessed mobile home.


What can you do if your friend goes home at a sleepover?

Depends. Why did your friend go home? Is it your sleepover or someone elses? Call them and offer them what they want. Or kidnap them and torture them until they say they're having fun. Your choice!


Where can someone find more information about United Furniture Warehouse?

Information about United Furniture Warehouse can be found on the United Furniture Warehouse website, Wikipedia, Facebook, Yelp, Home Stars and Local Store.


What do you call someone who moves furniture?

Someone who moves furniture is typically referred to as a "mover" or "furniture mover." In a professional context, they may work for a moving company and be known as "moving crew" members. If they specialize in rearranging furniture within homes or offices, they might also be called an "interior mover" or "home stager."


Does your farm bureau home owners insurance cover you if you are working in someone elses home?

Homeowners insurance policies are personal lines coverage and typically do not provide coverage for commercial or work related activities.